DAVID UNWIN / FAIRFAX NZ
A total of 220 workers lost their jobs when council-owned construction company
Infracon went into liquidation.
The liquidation of a multi-million-dollar roading construction company, which saw 220 people lose their jobs, is expected to end with all debts paid.
Infracon was placed into liquidation in August 2014 by its two owners, Tararua and Hawke’s Bay district councils, after making an ongoing financial loss.
The company was soon snapped up by Manawatu roading firm Higgins – which itself has since been sold, subject to Overs…
Read the full article at: http://www.stuff.co.nz/business/78024390/infracon-liquidation-results-in-tararua-council-netting-750k