Restaurant dishes up job misery
More than 40 workers became the latest casualties of the economic downturn yesterday when their restaurant folded.
Staff at North China Peking Seafood Limited in Tsim Sha Tsui were told that they had lost their jobs and would not be receiving full severance pay.
One worker said: 'I don't know how to tell my wife about this. It's the New Year and I am out of a job.' A spokesman for the restaurant said that workers employed for more than two years would get 60 to 75 per cent of their severance pay.
If they rejected the offer, they would get no money until liquidators had finished clearing the firm's debts.
The Labour Department is working as mediator.
A spokesman said the department's insolvency fund might have to be activated to compensate workers.
The Retail Management Association has said that 200,000 retail and restaurant jobs are at risk because of the downturn.