New Zealands largest retail chain axes 1,080 jobs By John Braddock29 July 2020 The carnage being inflicted on workers jobs continued when New Zealands largest retail chain, The Warehouse, announced on July 19 up to 1,080 sackings. It followed the recent decision by the global conglomerate Rio Tinto to mothball Southlands Tiwai Point aluminium smelter…
DetailsGYMPIE has lost one of its last friendly grocers, with the popualar Heilbronns Friendly Grocer on Duke St shutting its doors and moving into liquidation. The stores parent company, Abid Australia, made the decision to close the CBD-based Friendly Grocer Gympie shop at a general business meeting yesterday. Worrells Maroochydores Paul Noguieia has been appointed…
DetailsThe customers of Agetur, the first Romanian tour operator to go insolvent because of the coronavirus pandemic, will receive only half of the EUR 440,000 paid in advance for holidays this summer. The clients will be compensated through the insolvency risk insurance policy, which will partially cover the amounts paid. Agetur is one of the…
DetailsLV= General Insurance has revealed that around 600 jobs of the 4,300 roles in the company will be impacted by the restructuring plans to reshape its business over the next two and half years. The changes are aimed at providing the company with more operational efficiency and to position it for the future. The UK-based…
DetailsThe Bank of Thailand is considering adding a haircut method to the third phase of debt relief measures to help borrowers reeling from lower income caused by the virus crisis. The regulator has discussed an additional debt relief instrument with financial institutions to respond to the actual requirements of borrowers on a case-by-case basis for…
DetailsThe Gym Hub, in Worthing’s Guildbourne Centre, has been sold as a ‘going concern’ following the collapse of Adur Community Leisure Ltd (ACL). Both The Gym Hub and ACL, which included Lancing Manor Leisure Centre, Wadurs Community Pool in Shoreham and Southwick Leisure Centre, are owned by Impulse Leisure. In an email to customers, the…
DetailsImage copyright Getty ImagesImage caption Those working in the events industry face an uncertain future A wave of “zombie companies” kept afloat during lockdown are on a cliff-edge going into the autumn, experts say. Analysis by the BBC shows a surge of firms went bust in March, then the rate slowed in the first few…
DetailsWith the number of consumers in hardship soaring as hundreds of thousands of people put their mortgage payments on hold, the bank said its action was aimed at protecting customers from potentially ending up in a worse situation. NAB’s group executive for personal banking, Rachel Slade, said customers were in vulnerable situations due to the…
DetailsAUSTRALIAN country clothing and accessories Bullzye could be making a comeback. The company went into liquidation in March, with all five physical Queensland stores closing soon after. There were stores in Rockhampton, Townsville, Bundaberg, Toowoomba and Mackay, plus a warehouse in Murrarie for online orders. Bullzye Australian Co. store in Mackay. Picture: Tony Martin READ…
DetailsLongstanding Canberra retail businesses, Bags To Go, has entered voluntary administration, as its administrators predict further companies could follow the same route as the government prepares to reduce JobKeeper payments. Bags To Go, along with its affiliated stores Travelite and Trend Bags, entered voluntary administration on July 24. The stores had been trading in the…
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