Green Cabs in liquidation, jobs cut

Photo: Green Cabs
Photo: Green Cabs
Nation-wide taxi company Green Cabs has gone into liquidation, reportedly cutting 160 jobs.

Palliser Insolvency's Heath Gair was appointed interim liquidator by the Wellington High Court on Monday after the company went into voluntary liquidation.

Launched in 2007, the company had branches in Dunedin, Queenstown, Christchurch, Wellington and Auckland.

Gair said the "marginally profitable" company became insolvent during the Covid-19 lockdown when it was forced to cease trading.

The company received $120,873 through the Government's Covid-19 wage subsidy for 18 staff.

These staff were also owed holiday pay and notice entitlements and it was anticipated employees would be paid their entitlements in full, Gair said.

Inland Revenue, shareholders and various trade contractors are among other creditors.

The company was discussing the sale of business assets and expected a sale of the business to allow Green Cab driver contractors to trade again in the short term.

Comments

The technocrats/politicians have no idea how non-government jobs are made and kept, as they have never had to meet payroll. They only know how to tax and bark orders, the result of which has been the un-necessary destruction of the NZ economy. This is only the latest example. Looking back in a few months we will only have wished that NZ followed a successful model eg Taiwan's approach for this crisis instead put our faith in ivory tower proteges.

 

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