Wednesday 13th February, 2019-Employees of the former Observer Media Group are yet to receive their severances since the entity closed its doors late last year.
Some 60 former employees are hoping that they will be compensated sooner rather than later for their years of service to the company that was founded by Samuel and Winston Derrick.
In December last year, while plans were being put in place for payouts to staff, APUA filed an injunction against Observer Media Group barring it from transacting business until its arrears were settled with the utilities company. The company was served by a bailiff on the final day of operation.
Management subsequently informed employees that the injunction placed a stop to the sale and/or transfer of assets and the payment of severance.
Recently, it was noted that APUA has signed off for the funds to be released to pay the workers and the request is now with the judge handling the matter. Attorneys for the former media company are now expected to meet with the lawyers of Royal Bank to hold discussions on the monies being held there.
It is unclear when the matter will be finalized, but the former employees are hoping it will be done in short order.
The management of OMG which operated The Daily Observer, Observer Radio and Hitz FM has informed its staff that the company was ceasing operations on November 30th, 2018.