LATEST:A DEBT in excess of $1.7 million to the Australian Taxation Office led to Supercuts Hairdressing Salons being placed in voluntary administration by its shareholders.
Staff at the 13 Queensland stores and one in Canberra, were told in the early hours of May 7 their stores would close by the appointment of liquidators and their jobs were terminated.
Supercuts had three salons in Ipswich at Booval Fair, Riverlink and Redbank Plaza, with each business having at least four employees.
Three Supercuts salons which operate in South Australia are not affected as they are owned by unrelated parties and are not affected by the liquidation.
Mark Pearce and Michael Dullaway from Pearce and Heers were appointed as liquidators.
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Read the full article at: https://www.qt.com.au/news/workers-get-the-chop-after-business-goes-into-admi/3720932/