RTW admin denies lost redundancy pay
Friday, 17th September 2010 at 3:25 pm
Rescue firm Begbies Traynor issues response to allegations
Realtime Worlds’ administrator has denied allegations of failing to pay the hundreds of staff made redundant over the last four weeks.
Develop has heard complaints from a number of Realtime Worlds staff who say their redundancy pay has not been honoured.
But administrator Begbies Traynor said in response: “Redundancy payment will be made in accordance with current UK legislation”.
The ambiguity of the claim may not appease all who have accused the group of breaking promises. Begbies Traynor declined to answer further questions on the matter.
Over 200 staff have been made redundant since Realtime Worlds entered administration on August 17th.
The company is expected to close soon. Just 16 temporary staff remain across both studios, who have each been asked to wind operations down. The US studio is “likely to apply fir Chapter 7 protection”, administrators told Develop earlier today.
“Those made redundant at Colorado will be fully paid to the time they worked,” the group added.
The company’s IP has fared better.
Earlier in the month an anonymous US firm purchased the rights for Realtime Worlds’ Project Myworld, and last night it was rumoured that Epic Games is talking with Begbies Traynor to buy the APB IP.
© Develop 2013. All rights reserved.