Financially strapped Asia Television Ltd. has lost a key executive over non-payment of salaries.
Executive director Ip Ka-bo announced his resignation in a letter to employees, saying he was quitting after ATV failed to pay staff salaries for November on Dec. 7 as promised, am730 reports.
ATV had said it could not guarantee everyone would be paid and how they would be paid.
Dec. 7 was ATV’s statutory deadline for payment of wages under the employment ordinance.
Ip thanked his colleagues and pledged to do what he can to help them.
He said he decided to resign rather than face legal action again.
On Dec. 2, Ip was convicted by a court for breach of the employment ordinance over ATV’s non-payment of wages.
Sources said the broadcaster does not have enough money to operate until the end of its license on April 16, 2016.
This year, the government decided not to renew its license.
ATV contractors including cleaners, delivery drivers and dubbing companies earlier threatened industrial action over delayed payment.
Also, the station owes the government HK$9.24 million (US$1.2 million) in rates and rent on its broadcast facilities.
ATV’s financial troubles have not eased despite the entry of a new investor.
Sources said the government might seize the station rather than wait for its license to expire.
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