The collapse of Huboo Technologies Limited (now known as Hub Realisations Limited Company number 09727464) led to widespread suffering for investors and suppliers and 600 employees experienced great turmoil. The business collapse created confusion for staff members regarding their positions and payment conditions as well as their professional outlook. Employees remain uncertain about the company’s workforce treatment and possible deception by management at the company which operates as Huboo Tech Limited.
The Workforce Left in the Dark
Multiple locations of the business maintained 643 workers under their employment. The company’s financial decline resulted in employees remaining mostly unaware of the situation. The December payroll worth £1.2 million not being paid left many workers doubting their ability to receive their final wages.
What Happened to Employee Wages?
A deal under TUPE (Transfer of Undertakings Protection of Employment) regulations enabled the majority of employees to transfer to the new company despite its collapse. However, concerns remain:
Huboo employees received complete disclosure regarding the financial condition of the company.
Huboo executives demonstrated failure in their responsibility to protect their employees from job losses.
Are employees in any better position under Huboo Tech Limited?
Legal and Ethical Questions
The transfer creates multiple major ethical and legal problems.
A business should it be allowed to cancel debts before using its new name to maintain workforce employment?
What are the existing safeguards for workers whose employers enter administration?
Workers need to know what steps they can take to protect their rights when facing such circumstances.
Employment law professionals believe staff members should have received earlier warnings regarding Huboo’s financial troubles instead of experiencing panic after the company’s breakdown.
What’s Next for Huboo Employees?
The future remains unclear for numerous workers who used to work at Huboo. The employees under Huboo Tech Limited face an uncertain future because there are no guarantees for long-term stability so they must choose to stay with the company or search for different employment.
Conclusion
The financial breakdown at Huboo left its employees with unpaid wages while they struggled to understand what had happened to the company. The company operates under a new name but its employees need to determine if they will face the same issues as before.
