OneMoreFarang Posted June 24, 2023 Share Posted June 24, 2023 A Thai company exists since years, Thai employees, a few farang employees. For years business is fine, and everybody gets paid. Then the boss makes not so smart business decisions, and the company does not make any profit anymore. The salaries are paid late, and then, for some employees, not paid at all. And then the boss decides to fire people because he can't pay them anymore. Salaries are outstanding, and severance payments should be paid to some ex-employees. A few people are still working in the company, and they still receive their salaries, maybe late. The boss tells the fired employees: I can't pay you now. Wait until I make money and then I will pay you. He refuses to make any promises when and how much money will be paid. And now? As far as I know the ex-employees can go to the labor department, tell the officials the situation, and then those officials will write a letter to the company that those outstanding salaries and severance payments have to be paid. But the company has no money and can't pay. And then? What happens next? Will the employer be forces to pay first old outstanding salaries for ex-employees before current salaries are paid? How about severance payments? When does the company have to pay? And if the company just can't pay, will the director(s) be held personally responsible? Or the shareholders? Will the labor department shut down the company? What can the ex-employees do to get the money they earned? Link to comment Share on other sites More sharing options...
flyingtlger Posted June 24, 2023 Share Posted June 24, 2023 Liquidation....Anyone that has money owned to them will have to get in line and eventually they'll be lucky to get pennies to a dollar. Sad but that's what happens. You can't squeeze water out of a rock.... Link to comment Share on other sites More sharing options...
Lacessit Posted June 24, 2023 Share Posted June 24, 2023 Somehow, the business owners always seem to be able to hang on to their mansions, holiday condos, and flash cars. 1 1 Link to comment Share on other sites More sharing options...
Robin Posted June 24, 2023 Share Posted June 24, 2023 Is it a Limited liability company, or is the owner responsible for all debts? has the owner declared bankruptcy? Far too many unanswered questions to give any opinion. Link to comment Share on other sites More sharing options...
chalawaan Posted June 24, 2023 Share Posted June 24, 2023 Well, the Farangs can just go cry in their beers, because they have almost no rights, and seeking a court settlement here is utter madness, even if you win you lose. Link to comment Share on other sites More sharing options...
FritsSikkink Posted June 24, 2023 Share Posted June 24, 2023 Go to the Labour department and find out. If there is any money and he won't pay, he can go to jail. Link to comment Share on other sites More sharing options...
OneMoreFarang Posted June 24, 2023 Author Share Posted June 24, 2023 34 minutes ago, Robin said: Is it a Limited liability company, or is the owner responsible for all debts? has the owner declared bankruptcy? Far too many unanswered questions to give any opinion. Yes, a limited company. Until now there is no bankruptcy. Link to comment Share on other sites More sharing options...
OneMoreFarang Posted June 24, 2023 Author Share Posted June 24, 2023 1 hour ago, flyingtlger said: Liquidation....Anyone that has money owned to them will have to get in line and eventually they'll be lucky to get pennies to a dollar. Sad but that's what happens. You can't squeeze water out of a rock.... Do you know if there is an order when people are paid? I know tax payments are highest priority. But then, will employees who didn't receive their salary for 5 months get their money before employees who didn't receive money for 1 month? Something like that? Link to comment Share on other sites More sharing options...
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