Scott's Refrigerated Logistics entered voluntary administration on Monday.abc.net.au/news/freight-company-scotts-receivership-job-fears/102031508The National Transport Union has labelled the collapse of Australia's largest cold chain refrigeration logistics company a "tragedy".
Transport Workers Union national secretary, Michael Kaine, said transport companies like Scott's were struggling under razor-thin margins. "The TWU is working with KordaMentha to ensure workers are prioritised in what we hope will be a sale to a responsible buyer."
All while oil companies are making record profits.
Me thinks they where not charging enough for the service. I’ll guess coles & co will be pay a lot more when a new buyer comes along.
Those 1500 people will want newstart to be raised now...
MickJackel Would seem Chocco Williams was right after all
The company will go on . Receivers will make companies owing money to pay up now and not in 60n 90days .
those in the know ... scotts was for sale over 6 months ago - as struggling back then. So wasn't any real supprise. I can think of 2 transport companies that have the power/money/position to buy out scotts ... will see what happens in coming months.
So I thought the price increases were due to freight increases. Something not quite right here.
Coles and Aldi making record increases in Profit by even screwing the transport that brings their goods in for sale. If they raise prices because of this there should be and investigation into their business practice and appropriate legislation put into place.
danielmiles ALDIAustralia Coles Matt_KeanMP TWUAus NRMA Global Diesel crunch.
Dodgy
How is this possible, the industry never stopped
Damn, guess the supermarkets have another excuse to rise prices?
. Well done, Aldi shoppers... .
Something smelly… acquires by PE firm in 2020, secured $70m on additional investments in August 2022 6 months later …..
Very bad to see a company of this size go down. They should have raised prices long ago & tightened the purse strings. Better off losing work & down sizing rather than losing money.
You’d wonder how this was possible.
RobertArnol Scott’s was acquired by private equity firm Anchorage Capital Partners in June 2020 for about $75 million. Already it's everyone else's fault, not theirs. Um OK.
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