
Pay cuts and redundancies – how a company lost $280k
Four employees who were terminated by the management of a large oil and gas company in Taranaki have been awarded almost $280,000 in lost wages, reimbursements and compensation by the Employment Relations Authority (ERA)
In a determination released mid-May, the ERA found the oil and gas company guilty of breaching good faith as an employer, after it made the four employees redundant “out of blue” after it claimed it was in a dire financial position due to falling oil prices and the outbreak of the Covid pandemic in 2020. Continue →