Three recruitment companies have been returned to their directors, after parent company Rubicor Group secured a deal with creditors to bring the companies out of voluntary administration.
Rubicor Group is one of Australias largest recruitment companies and is listed on the Australian Securities Exchange. The group, which was founded in 2005, operates 15 specialist brands in the human resources and recruitment areas.
Rubicor subsidiaries Xpand Group Pty Ltd, Locher & Associates Pty Ltd and Challenge Recruitment Pty Ltd were placed in voluntary administration on July 4, with Sule Arnautovic, Glenn Crisp and Chris Baskerville from Jisrch Sutherland appointed to the companies.
The three compan…
Read the full article at: http://www.smartcompany.com.au/finance/73876-recruitment-companies-survive-voluntary-administration-rubicor-group-secures-deal-creditors/