Former employees of the now-defunct City Market supermarket chain have “lost faith” in the legal system, a spokesman for the group said, telling Tribune Business that 80 per cent had still “not received a dime”.
Mark Finlayson, principal of City Markets’ 78 per cent majority shareholder, Trans-Island Traders, told The Tribune on Wednesday that City Markets workers have yet to receive their severance pay and benefits because the $3.5 million sale of the former supermarket chain’s leasehold interests has still to formally conclude.
Separately, Tribune Business was told that in negotiations with the employees and their attorneys, Mr Finlayson had not explicitly committed to use the sale proceeds to pay them what they were due.
