Failed supermarket giant Mycal Corp. has scrapped plans to pay a small winter bonus to its 7,200 employees, company officials revealed earlier today [Wednesday].

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Mycal, which applied for protection from its creditors in mid-September, is currently in the process of rehabilitation with the aid of retailer Aeon Co.  An official from Mycal revealed that the administrator of its rehabilitation program ruled against the bonus because Mycal was a bankrupt company.


The company’s workers, who were expecting to pick up a winter bonus equal to one month’s wages next Monday, have been notified.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now