HAMISH MCNEILLY/STUFF.CO.NZ Cadbury workers, Teresa Gooch, left, and Donna Bauma, talk outside the Dunedin factory. OPINION: There has been widespread outrage expressed following the announcement by Cadbury that its landmark Dunedin factory will be closing next year. Its intention is to shift production to Australia with the likely result being that over 350 jobs will…
DetailsTheres a kind of harried, yet familiar energy at the downtown Manhattan offices of Refinery29. Young people some sporting small tattoos, piercings, hats or a combination of all three stream past the neon-green lighted sign at the entryway that bears the companys name, and into the open-plan office thats too small for the growing staff…
DetailsAn Abuja company has asked the Federal High Court and the Central Bank of Nigeria (CBN) to wind up Heritage Bank and revoke its operational licence, citing what it called the banks financial insolvency. Geonel Integrated Services Limited, a security services company, said in a petition filed at the Federal High Court that Heritage Bank has been showing signs of distress and insolvency in recent…
DetailsIf youve ever promised to pay off your credit card debt when you have more money, nows your chance. The Internal Revenue Service estimates that 70% of taxpayers will get refunds this year. Last year, the average refund was $2,860, according to the IRS. If youre in the red, using the bulk of your tax…
DetailsVietnams revolutionary founder Ho Chi Minh relied on lottery ticket sales to raise money for schools and hospitals during the war years. Now Hanois Communist leaders are looking to casinos, horse betting and modern lottery-ticket machines to do the same. So far this year Prime Minister Nguyen Xuan Phuc has issued two decrees aimed at…
DetailsAndrew Tate, president of insolvency and restructuring trade body R3, and a partner and head of restructuring at Kreston Reeves, examines the governments proposed changes to the UKs insolvency and restructuring framework, and highlights the professions concerns. The UKs framework for insolvency and restructuring is one of the most effective in the world. Our insolvency…
DetailsRelated Story: Workers owed $1.6M after Bendigo Hospital contractor’s collapse Property owners say they feel betrayed and have lost thousands of dollars after Victorian building company Watersun Homes was placed into voluntary administration. Rodgers Reidy in Melbourne was appointed as administrator for Watersun Homes on Tuesday and said the company did…
DetailsThe number of people with mortgage debt they are unable to repay who chose bankruptcy doubled to 100 last year. Banks lost two-thirds of the mortgage debt in these cases, as they are forced to write off most of the money they are owed. New figures compiled by Waterford-based personal insolvency practitioner Mitchell O’Brien show…
DetailsA home building company that at one stage sponsored the St Kilda Football team, Watersun Homes, has gone into administration with the loss of 90 jobs. The residential builder was working on about 300 homes in metro Melbourne and regional Victoria when it was voluntarily placed in administration on Tuesday. Watersun Homes was working on about…
DetailsWatersun Homes enters administration exit UPDATE, 4pm: Insufficient funds have been cited as the reason for Watersun Homes entering into voluntary administration. Ninety full time jobs will be lost as a result of the administration process. All staff were informed today, according to a statement. Administrators are expected to contact property owners who have contracted the…
Details