A few months ago, the Vermilion Power CEO mysteriously went missing. There are rumors that the Katoan govenor at the time was involved but nothing has been proven and no charges have been filed.
Vermilion Power was liquidated this month in attempt to cut losses and pay off outstanding debts.
The brand was auctioned off immediately after liquidation closed and a new CEO has taken over. The new CEO has plans to retain a similar strategy and production lines as before liquidation, focusing on fuel production. It will take some time to achieve the same level of output but the CEO is confident in his new workforce.
Unfortunately, many of the workers were lost during liquidation since paychecks couldn’t be met. A relevant porton of Vermilion Power’s employment contract will be shared below:
Subject to the provisions of this Section 29.36, employee shall recieve regular bi-weekly paychecks and rations on time during the time of their employment. Employment shall continue until termination which can occur under various conditions.
Termination shall occur immediately after a negative performance review from direct manager or in the event of business closure or liquidation.
Image credit: Dmitry Vishnevsky