Friday 30th November, 2018-APUA has filed an injunction against Observer Media Group.
The company was served according to reports by a bailiff sometime between last evening and this morning and comes on the final day of operation for the media company.
A source told POINTE FM’s Nightly News that members of staff were informed of the injunction during a meeting today.
Management reportedly informed employees that the injunction puts a stop to the sale and/or transfer of assets and the payment of severance to the approximately 60 members of staff who are now unemployed as a result of the closure of the company.
Prime Minister the Hon. Gaston Browne spoke to our newsroom about the injunction.
According to the head of government, the injunction also seeks to protect the company’s former employees, who are owed about one million dollars in severance. He explained that with the injunction assets are frozen. The move is being described as protection for those affected by OMG’s closure.
Live programs have ceased at Observer Radio. The station has been placed on automation, while its former employees are at home contemplation their next move.