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Story: Ex-Time employees see hopes dashed

two thirds of the remaining 100 or so are getting the push tomorrow, the rest go at at the end of the month. There was no chance that this judgement would affect the remaining staff - the business is being shut down anyway. The truth is that there is nothing left to sell: GE Finance (the major provider of Finance) have set up their own helpline, having been stung when the "old" Tiny company went bust. The rights to support the systems with direct debit warranties have been sold/transferred back to the Mohsans, who are operating a new business out of their Internexus/Supanet building. They're already offering the techies their old jobs back - at reduced wages (one Software Support adviser today was offered a job at £10500 - he currently only earns £11500). As there is still confusion over who owns the Time and Tiny brand names, there is nothing valuable left to sell: it looks like the stock has gone as a job lot to "Wildfire Developments" - see www.tinyprices.co.uk - these are the goys who got the Carrerra stock for nothing when they went bust. Overall it looks like a stitchup all ways round. Yet again Grant Thornton have got themselves an exit strategy which pays THEIR fees but does nothing to maximise the revenue. Seems to me G-T should be investigated by the DTI along with Time/Tiny/Granville. Giving the "old" Tiny company away without looking for competitive bids can be regarded as an error. Giving the same business away a second time is either stupidity, incompetence or..???

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