Why Arrium collapsed
The union representing 2000 workers at collapsed steelmaker Arrium has joined forces with aggrieved lenders to dump the troubled group’s administrator Grant Thornton and install rival corporate undertaker KordaMentha to oversee a painful restructuring.
Federal Court Justice Jennifer Davies issued orders appointing KordaMentha’s Mark Mentha, Bryan Webster, Martin Madden and Cassandra Matthews as administrators following Grant Thornton’s resignation a…
Read the full article at: http://www.afr.com/business/manufacturing/arrium-administrator-grant-thornton-set-to-be-replaced-20160411-go4081