Sign up to The Irish Times Archive (1859 - 2008)My Account »
Sat 12 Dec 2008Staff at tech firm Xsil not paid since October
STAFF OF award-winning technology firm Xsil are likely to have to wait at least another month before they learn if they will receive redundancy payments or their October salaries.
All staff of the company, which made a pretax profit of €8.5 million on sales of €38.3 million in 2006, were placed on temporary layoff at the beginning of November. On October 23rd, the 40 staff were told the board was not paying salaries on the basis of legal advice. Staff were placed on temporary layoff on November 3rd and have been unable to establish whether they will be made redundant or brought back to work.
Choose a Subscription type - required
