“Thousands” of SMEs left in the lurch as Probuild collapses with $5 billion in outstanding projects

Australian building giant Probuild has gone into voluntary administration after a problem-laden high-rise project drove the company into debt, meaning up to $5 billion in commercial and public sector projects are in jeopardy. It was tools down on Wednesday night across the country, and 750 dismayed employees along with countless contractors have woken up today…

Wireless services provider collapses into voluntary administration after nine years in business

A New South Wales-based company that specialises in designing, installing and servicing wireless products has collapsed into voluntary administration. Enersus was established in 2006 and over the past nine years has provided wireless services to a range of large entertainment and sporting facilities, including Rod Laver and Hisense arenas in melbourne, perth Arena, the Darwin…

Jeanswest Is The Latest Victim Of The Black Plague Also Known As Voluntary Administration

Aussie denim giant Jeanswest has fallen into voluntary administration, the brand announced on Wednesday afternoon. It comes as retail company Harris Scarfe closes 21 stores across the country and women’s fashion brand Bardot goes into voluntary administration. Christ. Not to mention, EB Games is also closing down 19 “unprofitable” stores at the end of January. [jwplayer hQMXSVxn] Jeanswest…

Jeanswest stores to close hundreds to lose jobs

Jeanswest’s administrators have confirmed which of its stores will be shuttering after the retailer went under last week. It has been announced 263 employees would be made redundant, and 37 shops would be closed. In NSW, Blacktown, Castle Towers, Charlestown, East Gardens, Kotara, Lismore, Macarthur, Miranda, Shellharbour, Singleton, Tweed City and Wetherill Park stores will…

JetGo cancels passenger services, enters voluntary administration

Customers of Australian regional carrier JetGo have been told to contact their credit card companies after the airline grounded regular passenger services and entered voluntary administration. The airline announced June 1 it had appointed McLeod and Partners as administrators and that all operations had been “temporarily suspended”. It advised customers to contact their credit card…