INDEPENDENT NEWS

At Work Rejects Golden Handshake Claims

Published: Thu 10 Feb 2000 02:47 PM
Media Release
Thursday 10 February 2000
At WORK REJECTS GOLDEN HANDSHAKE CLAIMS
State Insurer At Work Insurance today strongly rejected allegations that company senior executives were in line for $1 million dollar pay-outs.
Chairman Michael Cashin said his statements to the Accident Insurance Select Committee on Wednesday were correct and that redundancy costs would make-up a minority part of any disestablishment costs for the company.
“Redundancy costs for the total 45 staff are expected to be less than $900,000, and well short of the million dollars claimed for one or two employees.”
Mr Cashin said the statement by ACT MP Ken Shirley appeared based on a news story run by the National Business Review last week which contained several errors of fact, in addition to the false claim of a million dollar pay-out for At Work Chief Executive Sam Knowles.
Mr Cashin said the redundancy provisions for At Work staff were unremarkable in the environment in which the company operated, and were consistent with the normal business practice under which the SOE was required to operate.
ENDS

Next in New Zealand politics

Child Poverty Monitor: Big, bold, permanent change needed
By: Office of the Children's Commissioner
Live: Weather mayhem strands tourists; major roads closed
By: RNZ
Body armour for specialist Police vehicles
By: New Zealand Police
Govt pledges next steps on plastic waste
By: New Zealand Government
Statement from Minister Faafoi
By: Kris Faafoi
New details around NZ First conflicts of interest timeline
By: RNZ
PHARMAC to fund more cancer medicines and faster assessment
By: PHARMAC
2019 Child Poverty Monitor: There's more to be done
By: Child Poverty Action Group
Child poverty efforts must be escalated
By: Aotearoa New Zealand Association of Social Workers
Child poverty figures show much more needs to be done
By: Maori Council
Child Poverty Figures show need for tax relief
By: New Zealand Taxpayers' Union
PM's Post-Cab 9/12/19: And Then A Volcano
By: The Scoop Team
Weather chaos: tourists stranded on West Coast for days
By: RNZ
Govt funds $100k for weather-hit communities
By: New Zealand Government
Govt releases funding to support South Canterbury
By: New Zealand Government
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media