Thursday, April 24, 2014   

Tai Lin in liquidation
(10-17 19:50)

Sixty-two-year-old electronic retailer Tai Lin Radio Services closed down all 13 branches today. About 260 employees were affected.

The company sought a provisional liquidation order at High Court today. Provisional liquidators of Ernst & Young said the company owes HK$100 million as of August and wages due to employees comes to about HK$2 million. Tai Lin has been looking for buyers in the past month.

Hong Kong Department Stores & Commercial Staff General Union began getting enquiries from Tai Lin employees this afternoon.

The Labour Department has set up two hotlines for the affected employees: 2928 6011 for employees' statutory rights and benefits and 2150 6397 for employment services. Suppliers and consumers could call 28469646

STAFF REPORTER
   
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