Mfone workers paid, a little
After months of protests, more than 1,000 former Mfone employees yesterday received just 10 per cent of the $4.4 million they were demanding in compensation after the telecom company filed for bankruptcy in January. …
Court-appointed administrator Ouk Ry, entrusted with the sale of Mfone’s assets, said he sold enough items to date to pay former employees $440,000. …
Former Mfone staff in Phnom Penh received compensation first, while employees in the provinces would receive their 10 per cent in the next three days. …
Mfone is estimated to have accrued more than $160 million in debt before it went bankrupt. Creditors include Norwegian-owned electronics firm Eltek Valere and Chinese telecoms equipment provider Huawei Technologies. …
http://www.phnompenhpost.com/business/mfone-workers-paid-little
