As 105 redundancies are confirmed at ACL, the AMWU is demanding further investigations to determine whether former directors at the Tasmanian auto-components plant breached corporations law.
The 105 workers made redundant will lose an average of 80 weeks pay in entitlements each, totalling around $8.5 million.
The union will be calling for the establishment of a committee of inspection at the second meeting of ACL creditors in Launceston today.
“Over one hundred ACL workers will lose entitlements equivalent to life savings,” said AMWU Assistant National Secretary Glenn Thompson.
“Preliminary investigations by Administrators already revealed three potential breaches of corporations law by former ACL Directors. It is essential that these anomalies are investigated by the Administrators.”
AMWU Tasmanian Secretary Anne Urquhart said workers had no choice regarding the redundancies.
“In effect the decision was made for the 105 people that were actually made redundant.”
"Some people were comfortable to move on, but the decision was effectively made for 105 people that their jobs were no longer required.
"When you've worked in a place like ACL for 20, 30, 40 years as many have, you know, it's very difficult for those workers to sort of come to terms with what their life's going to be like after," she said.
"So it's been pretty emotional for many of the workers up there, not only for the workers who are going, but of course for workers who are staying."
Mr Thompson said what happened at ACL should also be investigated by the Australian Securities and Investment Commission (ASIC).
“Why is it corporations law breaches that lead to shareholder losses are investigated but when it is workers’ entitlements that on the line nothing happens?
“The AMWU maintains that it is morally corrupt for former ACL Directors to have received $665,000 worth of severance payments at a time when ACL worker voluntary took a 20% pay cut.
The AMWU has repeatedly called for John Capuano and Michael Saward to repay the money and Mr Thompson said the union will continue to campaign for reforms to make directors personally accountable for employee entitlements.