A spate of recruitment and labour hire companies have crumbled recently as the slowing economy makes employers more reluctant to fork out money to external recruitment firms who are struggling to fill job vacancies with qualified candidates. Public insolvency notices published by the Australian Securities and Investment Commission show a range of staffing companies, such…
Twelve customers have been left in the lurch following news their
All employees at a sydney joinery and manufacturing business heavily involved in corporate and commercial construction have lost their jobs and the firm has ceased to trade. On Friday morning, 30 cabinet makers rocked up to the Wetherill Park factory of GDK Group expecting “work as usual”. But just 15 minutes earlier news.com.au had revealed…
Last year, it told a Senate committee that it was “obvious” that Qantas was putting on extra flights on some Rex routes and that this extra capacity “kills the ability for Rex to offer a sustainable alternative to the Qantas model for regional communities and increases Qantas’s market power. When Rex is forced out of…
Another two construction companies have collapsed and left dozens of homes unfinished as Australia’s building industry crisis continues. perth-based construction firm Western Luxury Homes Pty Ltd was placed into liquidation on Friday, according to a notice published by ASIC. The announcement came days after boutique builder Royal Construction and Design went into liquidation on August 8.…
The popular burger chain Getta Burger entered liquidation on Thursday, which has resulted in 107 staff members in search of a new job as 14 locations across brisbane shut their doors. The burger chain owes upwards of $500,000 in payroll tax, and BRI Ferrier liquidator Ian Currie believes there are other tax debts. Mr Currie…
Last week, it was announced that The Aussie Plant-Based Co had entered liquidation due to cash flow difficulties. Today it is revealed that the company has now been acquired by gold coast-based food manufacturer Smart Foods. Food & Drink Business reported that Smart Foods has agreed to purchase the company’s plant and equipment, stock, intellectual…
Troubled melbourne financial advice firm United Global Capital (UGC) has been put into liquidation by the Federal Court. ASIC said that creditors had resolved to wind up UGC, and David Stimpson of SV Partners has been appointed as a liquidator. UGC withdrew its application regarding the cancellation of its Australian financial services licence, which was…
The state government has implored Western Australia’s construction industry to take on the 400 employees left jobless after the forced collapse of a major traffic contractor. David Hodgson and Andrew Hewitt of Grant Thornton were appointed liquidators for Advanced Traffic Management (WA) on Tuesday after the Federal Court ordered the company be wound up, with…
Beloved sydney pasta restaurant, A tavola, which traded for 15 years, has collapsed into liquidation along with five sister companies, sacking all staff and owing creditors hundreds of thousands of dollars. The other affected businesses are Flour Eggs Water Surry Hills and meatball restaurant Palle, which both traded out of Sydney’s Tramsheds development, along with…