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| Version 1 | Version 2 |
|---|---|
| Theatre bosses call in liquidator | Theatre bosses call in liquidator |
| (about 20 hours later) | |
| Theatr Gwynedd in Bangor has gone into liquidation, days before it was due to close. | Theatr Gwynedd in Bangor has gone into liquidation, days before it was due to close. |
| The theatre is bringing the curtain down at the end of October but at a meeting, the management board has decided to call in the liquidators. | The theatre is bringing the curtain down at the end of October but at a meeting, the management board has decided to call in the liquidators. |
| In a statement, the board said this would delay redundancy pay to staff. | In a statement, the board said this would delay redundancy pay to staff. |
| Last week, supporters of Theatr Gwynedd presented a 2,000-name petition opposing its closure, to the Welsh Assembly Government's culture minister. | Last week, supporters of Theatr Gwynedd presented a 2,000-name petition opposing its closure, to the Welsh Assembly Government's culture minister. |
| In a statement, the board said it had met on Wednesday evening. | In a statement, the board said it had met on Wednesday evening. |
| It read: "The financial situation of the company was examined thoroughly. It was decided that the company could not continue to trade because of financial difficulties. | It read: "The financial situation of the company was examined thoroughly. It was decided that the company could not continue to trade because of financial difficulties. |
| "The board regrets that this will cause a delay in the payment of redundancy payments to members of staff. These payments will be made at a later date." | "The board regrets that this will cause a delay in the payment of redundancy payments to members of staff. These payments will be made at a later date." |
| Reaction | |
| John Hamilton of the Unite union said the announcement would lead to a delay of up to eight weeks in the payment of redundancy payment to staff. | |
| He said the staff would now have to make an application to the government insolvency fund. | |
| "It's very disappointing that the staff won't be able to leave at the end of the month with some dignity and with a redundancy cheque in their hand," said Mr Hamilton. | |
| "They're very demoralised and upset." | |
| The theatre's board of directors have refused to reveal the extent of their debts, but the union claims the shortfall is in the region of £90,000. |