700 jobs at risk as company collapses

One of Australia’s biggest manufacturers has gone bust with a factory already slated to close amid concerns about the country’s recycling abilities.

Staff were informed of the company’s collapse in meetings on Wednesday, with the firm operating a factory in Altona, in Melbourne’s west, which employs 450 staff, as well as a factory in Botany, Sydney with 250 workers. The National Plastics Plan 2021 sets out a 70 per cent target of plastic packaging to be recycled by next year.

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