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Chapter 553

Frederick felt flabbergasted after hearing Ivy's explanation of the company's current situation. It was no wonder why Ivy was so troubled by the situation.

It turned out that the company was facing astronomically high compensation fees to pay.

If two million dollars was just a small amount to compensate for the employee's missing arm, the compensation for all the victims of the cosmetic products must be humongous.

It made sense why that group of employees had handed in their resignation letters.

They were afraid the company would go bankrupt and fail to pay them their salary due to the large compensation fees the company was being forced to pay.

Ivy felt her head throb as she said, "The head office has already transferred all of the company's movable assets and funds. After accumulating everything, we're barely able to get through this."

Due to the head office using all of the company's funds, Timbergale Corporation no longer had the funds to maintain its normal operations.

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