NBN Co CEO Stephen Rue Credit: NBN Co NBN Co is planning to shed at least 800 jobs as part of a major overhaul of its business structure. The national broadband builder plans to reduce headcount from 6,300 employees to 5,500 by the end of the year. The announcement, which first appeared inComms Day, also…
Thursday, July 9, 2020 As the government slowly unlocks the British economy, and activity adapts to the new normal alongside coronavirus, the hope must be that latent consumer demand triggers a rapid, equally dramatic, recovery in GDP and jobs, allowing businesses to boost cash-flow and repay debt. An economic recovery of this nature (the sharper…
Coatchristophe | Keith Steven of Company Rescue explores and comments on the new Corporate Insolvency and Governance Act which came into force at the end of June 2020 The new Corporate Insolvency and Governance Act came into force for companies in the UK and Northern Ireland to give distressed businesses breathing space and focus their…
Like the frequently cited daily infections rate curve, Mr Coghlan said flattening the curve for ill companies was going to need banks to make tough early decisions even as they and the government keep providing targeted support. “To be honest, I think that if that occurs, that would probably give us a much smoother curve…
Thursday, July 9, 2020 Your Questions Answered At our webinar on 2 July 2020 we examined the impact of the CIGA for corporates engaged with third parties who might enter into an insolvency process. We have put together this question and answer sheet responding to the questions raised which, together with our quick guides, will…
The gambling industry is facing an uncertain future as states and countries reopen and coronavirus cases rise in the U.S. and abroad. Reopening resorts and casinos may sound like good news, but it’s unlikely gamblers will travel to major resorts in droves while the virus is still a big threat. Given this backdrop, a few…
Tuchuzy founder Daria Sakic has regained control over the business. Sakic placed the designer retailer into voluntary administration last month, citing tough trading conditions. Theres been lots of sleepless nights,” she said of the voluntary administration period. “I feel responsible for the livelihood of my team but also wanting to be able to provide the…
Some Australians have used the governments early access to super scheme in desperate bid to buy a home. Despite being ineligible for it, they have simply declared themselves to be infinancial hardship in order to withdraw up to $20,000 of their superannuation or $40,000 for couples to use as a home deposit. This government let…
You finally made it through college and graduated with a degree, a new set of friends, great memories, and most likely a significant amount of student loan debt. How can you manage paying such a substantial debt on a starting salary (assuming you were fortunate enough to find a job at all)? It is not…
National cabinet will meet on Friday, with the Melbourne outbreak to dominate deliberations. Mr Morrison revealed he would take a proposal to the meeting to slow down the number of Australians returning home from overseas in a bid to take pressure off the hotel quarantine system after some states warned they were being overwhelmed. Following…