Bill Shorten MP (pictured) is worried about job losses at GAME Australia, but is 'hopeful' a buyer will be found.
Shorten is the Minister for the Department of Employment and Workplace Relations, Financial Services and Superannuation, and has weighed in on GAME Australia's Administration proceedings, which are being handled by PriceWaterhouseCoopers.
Shorten said today via the department's media centre: "My first thoughts go out to workers and their families who will be treating this news with shock and concern. I have asked my Department to make contact with the administrators and I am monitoring the situation closely."
"I understand the administrators intend to operate on a business-as-usual basis insofar as this is possible and obviously this is welcome news. I encourage the administrators to consider their workforce and take all reasonable steps to operate the business as a going concern."
At this stage, no job losses have been confirmed, so Shorten was quick to point out that there is a scheme in place in the form of the General Employee Entitlements and Redundancy Scheme (GEERS), which should go some way towards making reparations to the employees and their families who may be involved.
While GEERS is only actionable during dire circumstances after a collapse and can't be used to return a company to profitability, it will provide a safety net shoud no buyer be found.
Shorten clarified: "Any workers made redundant will be eligible for employment support through a Job Services Australia provider based on their needs and individual circumstances. The Government is hopeful a buyer will be found for the company however we stand ready to assist any workers who lose their job."
GAME is currently employing approximately 500 people Australia-wide.
To register for the MCV Pacific News Digest, head to the registration page:http://www.mcvpacific.com/user/index/register/journey/register