Around 180 Australian jobs are at risk as a popular sydney restaurant chain goes into administration.
Elements Dining Group manages four Elements Bar & Grill restaurants in Sydney’s Pyrmont, Wooloomooloo, Darlinghurst and Haberfield, along with Elements Seafood Grillhouse in Walsh Bay.
All five of the popular restaurants have gone into voluntary administration, with John McInerney and Phillip Campbell-Wilson of Grant Thornton appointed as voluntary administrators.
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McInerney said the administrators would attempt to preserve the value of the business and to provide the owners with an opportunity to consider a formal restructuring plan.
“The restaurants and shared head office will continue to trade during the voluntary administration period,” McInerney said in the statement to Yahoo Finance.
“The workforce is made up of approximately 180 employees, encompassing full-time, part-time, and casual staff who continue to be employed.”
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He added that a preliminary review of the company’s financial…
