Liberty Steel UK has placed 440 jobs under threat through a series of actions to secure its future amid “unviable” market conditions. The company said high energy costs had combined with other uncompetitive factors and it was vital its operations were refocused. Liberty, part of Sanjeev Gupta’s GFG Alliance, said its Newport plant would be…
Sun Cable, the company proposing a multi-billion-dollar solar power export project, has entered voluntary administration. The company, which boasts high-profile investors including billionaires Mike Cannon-Brookes and Andrew “Twiggy” Forrest, said it had made the “difficult decision” to enter administration but has appointed new voluntary administrators. “The administrators intend to work with the company’s management team…
Climate Change and Energy Minister Chris Bowen remains optimistic over the Sun Cable solar project despite the company entering voluntary administration. Plans to build the worlds largest solar farm in the Northern Territory could be scrapped after a fallout between the Sun Cables billionaire investors. Read the full article at: https://www.skynews.com.au/australia-news/politics/chris-bowen-optimistic-over-solar-project-despite-company-entering-voluntary-administration/video/e55ad170d87e8d7bad278e1f9f4675de
Sun Cable, the developer of the worlds largest solar and battery project, has entered voluntary administration. It is still unclear what this will mean for its hallmark project, the Australia-Asia PowerLink. January 11, 2023 Bella Peacock Image: Australia-Asia PowerLink From pv magazine Australia Australian renewables startup Sun Cable has entered voluntary administration after what it…
The number of bankruptcies in 2022 was again historically low. A total of 2,144 companies and institutions, including one-person businesses, were declared bankrupt last year, Statistics Netherlands (CBS) reported based on provisional figures. That is the second lowest number since the start of this statistic in 1981. That is partly because companies still had access…
Image caption, Justyna Lorbiecka (left) and Leanne Lewinss say they have not received their redundancy money and are unable to find out when it might be paid By Sam Thomson BBC Radio Newcastle Workers who lost their jobs at a food and drinks factory claim they are being “ignored” by their former employers who owe…