An employment dispute between mobile phone company 2degrees
and its co-founder Simon "Tex" Edwards has been settled
outside of court.
Mr Edwards sought an order that the Employment Relations
Authority (ERA) withdraw an earlier decision against the
company after it was found to have incorrectly cut his salary
from $350,000 to $200,000.
In the earlier decision, the ERA ruled that 2degrees make up
the salary, plus interest, and pay Mr Edwards compensation
and a $4000 penalty.
Today (Tue) the ERA released a decision which said the
parties had "comprehensively" settled the issues between
them, and quashed the previous order.
The decision did not give details of the settlement.