No June salaries but Oakbay employees vow to carry on
- Published on 2 Jun 2016
- HR Pulse News Desk
Employees of the Gupta-owned business empire have vowed to continue their services despite the likelihood of not receiving their salaries in June.
Tuesday was D-Day for the Gupta-owned Oakbay Investments to make alternative arrangements following the decision by four major banks to cut ties with the controversial family. Oakbay has warned that the move poses a threat to the existence of the multi- billion rand company. It was given more than four weeks to find an alternative banking solution, but both the company and the banks are keeping mum about whether the banks have now executed their decision to cut all ties. According to employees, though, nothing has materialized thus far.
Source: SA Labour News
