Why Arrium collapsed
Steel maker and miner Arrium has staggered into voluntary administration, and the sagging steel market is just one cause.
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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 was set to issue orders appointing KordaMentha’s Mark Mentha, Bryan Webster, Martin Madde…
Read the full article at: http://www.smh.com.au/business/mining-and-resources/lenders-union-team-up-to-dump-arrium-administrator-grant-thornton-20160412-go4rr6.html