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Old 8th April 2004 | 14:46
  #418 (permalink)  
surely not
20 Anniversary
 
Joined: Jan 2003
Posts: 1,540
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From: UK
Relax, I am relatively regular on this thread, so please forgive me for coming onto it again.

None of the 'whiners' have given up on life! They are all trying to get their lives back onto an even keel, get jobs AND get what is legally owed to them. Why do you have a problem with that?

For whatever reason there are only 2 Directors who can legally carry the can, PGS and Willie O'Neil.

PGS made a strong case yesterday that he had been precluded from decision making re the running of the company by the 'New Directors' of the take over group, which included Michael Stoney of Travel City Direct and PJ Bath. They, along with Woodland, were calling the shots and ignored any input from PGS, who believed the company to have been effectively sold.

Legally that wasn't the case, hence PGS is in the firing line to take all the flak. Whether you think that is fair or not is irrelevant. Willie O'Neil was the person who introduced Woodland to the Company according to PGS.

From what came out of the meeting yesterday, PGS thinks that Cabin Crew and those with a salary under £20,000 will receive 100% of what they are owed. Pilots and middle to senior managers will not.

PGS has taken a salry cut to £25,000 and Willie O'Neill has agreed a cut to £65,000.

I make no comment re this as I am waiting to find out whether my idea of what I am legally owed is the same as the companies view. I note though that there doesn't appear to have been a 17 days for free package for these 2 gentlemen!!!

A promise has been made to prioritise payments to the staff. I sincerely hope that this promise is kept.

I know that one of the creditors of EAAC has had to go into Liquidation themselves because of the non payment of monies by EAAC. So the way the company was mis run has affected more than just you and me. Meanwhile Woodland is on the list of unsecured creditors because he was a management consultant!!

Sorry this has rambled on. I think you are naive if you think that it is okay to let those responsible for this mess get off the hook without meeting their legal commitments. That is why employment law exists, to try to protect those at the bottom of the pile from those mis-managing at the top.
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