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Tue, October 24, 2006 : Last updated 22:51 pm (Thai local time)



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Home > Business > Buy-out deals





Buy-out deals

Workers at Ginaform Bra Factory in Bangkok received early-severance pay when the factory closed last week.

Hong Kong-based Clover Group International, Ginaform's parent, announced in September it would cease operations at the end of this month.

Because current orders were completed ahead of schedule, workers were released and paid off last week. The package included wages to the end of October, severance pay and payment for unused holidays.







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