Former Independent staff hit with further delays to redundancy payouts

UK finance

PWC, the liquidator of the defunct insurer, told former employees that an announcement over redundancy payouts would come by the end of the first quarter, or 31 March. The payouts relate to several thousand employees who were laid off when the insurer went into administration in 2001. For some employees the sums amount to almost £50,000. One claimant, a former senior executive at Independent, said PWC had promised verbally on Tuesday of this week that the announcement would come today. “I