Laid-off CNA staff still waiting for payouts due to acquisition delay.
CNA’s business rescue practitioner says the process will be concluded shortly with a better outcome than with liquidation. The process of signing settlement letters with each employee started in April and is expected to conclude in the next two months. Once it exits rescue, CNA will be implementing a comprehensive turnaround strategy for the busy December and back-to-school trading period, while re-establishing trade relationships.