AUSTRALIA: Buyers Eye Tamar Knitting Mills
But he remained hopeful his bank would give him the chance to trade out of his present financial crisis.
Tamar stood down its 15-strong workforce earlier this month, blaming the goods and services tax (GST) and the bank that cut its overdraft by half.
The Textiles, Clothing and Footwear Union is now fighting to ensure workers receive the $35,000 in entitlements it says they are owed.
Union secretary Doug Shirkey yesterday said he wanted a commitment the money would be forthcoming before Christmas.
But Mr Thompson warned workers would be "signing their own death certificates" if they pushed for their entitlements right now."
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