Arrium says it will create 44 new jobs at its Whyalla plant. (9NEWS) Troubled steelmaker Arrium is hiring dozens of new workers in Whyalla to keep up with rising demand for its products. The company, which went into voluntary administration earlier this year, says increasing demand from NSW and Victoria has led it to add…
The UAE government has been formally considering amendments to the insolvency regime since 2009, and a previous draft insolvency law was published in 2011 (the 2011 Draft); the New Law, however, is different in certain respects. span style=”font-family: Calibri; font-size: small;”>Key changes under the New Law Repeal of current regime: Chapter V of the Commercial…
Related Story: Underpaid Pumpkin Patch workers to be reimbursed A dispute around entitlements is growing at clothing retailer Pumpkin Patch, which went into receivership last week. The New Zealand-based board admitted the company was ‘over-leveraged’, and in the interest of stakeholders put the company into voluntary administration. The same day, its…
FRASER Coast residents are struggling to pay off their debt, with a total of 48 people and businesses going bankrupt in the last financial quarter. In Maryborough, 15 people declared bankruptcy, compared to 25 in Hervey Bay, between July and September. The number was about the same as the March to June quarter, which saw…
NewsWritten by Zanda Wilson on November 1, 2016 Smashing Pumpkins frontman Billy Corgan has failed in his attempts to gain control over TNA wrestling, with a Nashville judge throwing out his case against the company, which he became president of earlier this year. Corgan, who is a massive fan of pro wrestling, became president of…
Virgin Australia, like Qantas, is being hit by weak demand for domestic airline seats. The airline today posted an underlying loss before tax of $3.6 million for the first quarter of the financial year, a fall of $12.1 million on the same period the year before. The statutory loss after tax for the quarter was…