A “chain reaction” from other companies going bust and a challenging environment has forced an 18-year-old firm to go under.Melbourne-based company MadeCo, which was responsible for kitchen manufacturing, went into voluntary administration with 30 employees impacted.
“In essence the company which operates in the construction space – and the construction space always has financial difficulties, especially through and on the back end of Covid and general economy issues like increasing supply costs, wages, the supply of labour, getting staff and all those sorts of things – it was those sorts of things that impacted it,” he said.
“Obviously it’s very difficult if you have placed an order and they wait a month or two for your kitchen and then you are told you are not going to get your kitchen. A creditors meeting on April 17 is likely to see the 18-year-old company tipped into liquidation, Mr Langdon said. News.com.au has reported on dozens of builders going into administration and liquidation over the past two years.
Indeed, of the 8471 business collapses for 2023, almost 28 per cent were in the building and construction industry, according to data put out by the corporate regulator.“It’s had issues to do with supply challenges, labour, competition for labour – a lot of staff have gone on to government projects in the city with the rail and the tunnel – and with interest rates, it’s a very difficult industry,” he noted.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Sports betting company Entain wants its own free-to-air TV channelEntain has sought to buy direct access to Australian audiences via its own free-to-air TV channel, which could be exempt from gambling advertising changes.
출처: FinancialReview - 🏆 2. / 90 더 많은 것을 읽으십시오 »
Melbourne Theatre Company chair departs by granting generous donationIn a time of uncertainty for the arts, MTC’s outgoing chair is leaving a parting gift to help shore up the future of theatre.
출처: theage - 🏆 8. / 77 더 많은 것을 읽으십시오 »
Melbourne Theatre Company chair departs by granting generous donationIn a time of uncertainty for the arts, MTC’s outgoing chair is leaving a parting gift to help shore up the future of theatre.
출처: smh - 🏆 6. / 80 더 많은 것을 읽으십시오 »
Melbourne Theatre Company chair departs by granting generous donationIn a time of uncertainty for the arts, MTC’s outgoing chair is leaving a parting gift to help shore up the future of theatre.
출처: brisbanetimes - 🏆 13. / 67 더 많은 것을 읽으십시오 »
Union leaders arrested at Sydney rally against Israeli shipping companyPro-Palestinian activists have rallied against an Israeli shipping line to demand stronger government sanctions in response to the conflict in Gaza, resulting in 19 arrests.
출처: SBSNews - 🏆 3. / 89 더 많은 것을 읽으십시오 »