Local F&B operator Tipsy Collective pays overdue staff salaries, shuts 3 outlets amid challenges
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More than 100 employees of hospitality group Tipsy Collective who were affected by delayed October salary payments received all dues by December, after fresh investor funding ensured timely payouts and full Central Provident Fund (CPF) contributions. The empLocal F&B operator Tipsy Collective pays overdue staff salaries, shuts 3 outlets amid challenges
More than 100 employees of hospitality group Tipsy Collective who were affected by delayed October salary payments received all dues by December, after fresh investor funding ensured timely payouts and full Central Provident Fund (CPF) contributions. The employees, who were supposed to receive their October salaries on Nov 5, initially received partial payments a few days late. They were fully paid by mid-November after four shareholders injected an undisclosed amount of money to rescue the business. The funds were also used to pay the CPF owed to the employees for September and October. With fresh funds injected, the company managed to pay salaries on time along with full CPF contributions on Dec 5. The home-grown food and beverage operator has been grappling with legal disputes and financial instability. It has closed two bars and one restaurant since October. The workers were redeployed to the company’s remaining seven outlets, a spokesman said.