GAME Ireland Employees Denied Redundancy Pay

[vxicepickxv]

Hopefully this will teach GAME that you can't hold out on declaring redundancies for the sake of trying to keep your share prices high, and then just sack people on the spot when shit inevitably hits the fan anyway.

Ok its not up to game anymore, the company is in control of an administrator. PWC is administrator appointed for the UK based main company. The Irish subsidiary has also gone bankrupt and after paying the money it owes to the primary Irish creditors, mainly the Irish government, there isn't any money left. Governments around the world unsurprisingly pass laws stating that when companies go bankrupt they are first in line to get the tax that they are owed.

Unless the government makes specific contracts where they don't. Normally they do, but there have been cases where it wasn't true. Remember the TARP in the US released a few years ago. The government specifically put itself later on the list, rather than first. It was kind of weird.

 

[Albino Boo]

Unless the government makes specific contracts where they don't. Normally they do, but there have been cases where it wasn't true. Remember the TARP in the US released a few years ago. The government specifically put itself later on the list, rather than first. It was kind of weird.

That was because they wanted the Banks to remain commercially investable. If you push down all the other tier 1 debtors down the que, they become more risk averse, less likely to invest meaning the taxpayer has bailout even more. You end up with viscous circle leading to full taxpayer ownership. By taking more of the risk on to the taxpayer in the short term by pushing itself down the list the US government enabled the banks to maintain normal funding streams. Thus reducing the overall taxpayer bailout.

 

[The Artificially Prolonged]

Wow GAME that is really poor form.

Though I guess the executives who ran the company into the ground will be fine, who cares about all the young workers who now won't even have rundunancy pay to give them a little financial support till they get another or rather if they can get another job in this economy. /scarcasm

Good luck to the GAME workers of Ireland, hope you can get what your owned.

 

[Lono Shrugged]

Hopefully they can get some support from the recently dismantled Occupy Dame Street/Central bank crowd.

I feel somewhat responsible for their downfall considering about 12 months ago I started to buy my games pretty much exclusively from Steam and Amazon, and get the odd second hand one from HMV

Good for them.

I hope the Irish po-po are nicer than ours though...

Considering they don't have guns or tasers they could be absolute fuckers and still be less dangerous than a mildly pissed off L.A. cop.

 

[SenseOfTumour]

Yeah, I can't help but be pissed at the whole system, seems the smaller you are, the more you get screwed, and as ever, the richer you are, the more likely you are to get more money.

Firstly the loyalty cards become worthless, then kid's birthday money in the form of gift vouchers is stolen from them to hand over to shareholders and bosses, now they're screwing the very people who held the company up in its final weeks.

 

[Wicky_42]

look at all these entitled people, demanding money from a company that's already in enough trouble as it is!

Wait, am I doing this wrong? This time we're supporting the people demanding money that they've not been offered under a contract with an entity that's gone bankrupt? Huh.

 

[Enslave_All_Elves]

kick The Man square in the balls. repeat until The Man can no longer have children.

 

[SonOfVoorhees]

I know how they feel. Ive been made redundant twice. 2007 and 2010. It sucks. The worst thing for me was how you are treated with such disrespect and zero feelings. As if your just a robot and not a human being, not a person that worked for years for your store and now have to worry about bills and where your next job will be. They might as well just kick you in the balls and show you to the exit.

 

[MorganL4]

Anyone wanna bet the CEO of game had a golden parachute?

 

[KiKiweaky]

snip

That we have, will and always shall be abused and f**cked around by the ones who make the laws be they Celtic, Norman, British or Irish?

OT: Well I for one will be doing my best to support my local game employees sit in. They were always good staff and they deserve a much better deal then what they are getting.[/quote]

If its anything like the vita cortex workers they are going to be waiting there for quite a while...

Hope they get what they want either way though.

 

[Mortuorum]

So, wait...

I was going to write, "News Flash: Employees for Bankrupt Company Don't Get Paid." But it says in TFA that, "stores under occupation are still filled with GAME's stock, which the employees have been asked to pack up and prepare for removal."

So instead I'm going to write, "News Flash: If You Don't Pay Them, You Can't Really Call Them 'Employees' anymore." Indentured volunteers, maybe?