One of Australia’s biggest trucking companies has gone bust, leaving up to 1500 jobs at risk. Scott’s Refrigerated Logistics entered administration on Monday and is now in receivership. The firm provides refrigerated trucks and warehouses for businesses including supermarket giants Coles, IGA and Aldi. Scott’s was reportedly bought by privateContinue Reading
As many as 200 people will lose their jobs as Australia’s last white paper manufacturer closes. Opal Australia, based in Maryborough in Victoria, will stop producing graphic paper, documents seen by the ABC show. Just before New Year, 35 of the company’s workers were told they were going to beContinue Reading
A building company that collapsed suddenly with $10 billion worth of government projects could have been in trouble months before it went under, a report to creditors has revealed. Perth-based Clough Group went into voluntary administration in December. It completed industrial projects in the energy, resources and infrastructure sector, withContinue Reading
Stylish online furniture retailer Brosa is set to shut down after collapsing into administration last month. The retailer’s demise was blamed on the Covid pandemic and sadly there appears to be no chance for the company to recover. The firm had liabilities of $24.2 million, including around $10 million inContinue Reading
A collapsed building company that was owed $350 million has partially been saved after another firm bought parts of it. Earlier this month, major Western Australian building and engineering company Clough Group went into voluntary administration after a takeover deal fell through. The Perth company collapse left about $10 billionContinue Reading
A building company has left $10 billion worth of government projects up in the air after it suddenly collapsed. On Monday, Perth-based Clough Group went into voluntary administration because a crucial $350 million merger deal fell through. The firm, which had been struggling financially, was slated to be absorbed byContinue Reading