FED: Creditors vote in favour of deed

AAP General News (Australia)
02-22-2000
FED: Creditors vote in favour of deed

SYDNEY, Feb 22 AAP - Sacked Hunter Valley textiles workers will receive 100 per cent
of their entitlements after creditors today voted in favour of a deed of company arrangement.

National Textiles creditors have agreed on the deed which will give the workers the
$11 million they are owed after the company closed in mid-January.

Workers on the picketline at the Rutherford plant were ecstatic when AAP broke the
news just after midday.

"We've won!" worker David Evans shouted.

"That is the best news - we're going to get all our money.

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