End of an era: jobs lost as major glass factory shuttered
About 150 jobs are at risk as administrators shut down Oceania Glass’s flagship Dandenong factory after being unable to find a buyer for one the country’s biggest glass makers.
About 150 jobs are at risk as administrators shut down Oceania Glass’s flagship Dandenong factory after being unable to find a buyer for one the country’s biggest glass makers.
Ramsay Health Care has flagged the potential sale of its underperforming European division and further corporate action could be in the wings.
Medibank Private will return another $160m to customers as part of its pandemic give back program, with policy holders to receive between $50 and $255 each.
Whyalla steelworks staff were raising concerns that booked annual leave would not be honoured by the administrator, but it is understood that is not the case.
Mining contractor Golding says it is owed a huge amount of money by former Whyalla steelworks operator GFG, but has security over the Sanjeev Gupta-owned port.
Beston Global Food will be liquidated after the dairy company’s former directors failed to pull together a credible bailout strategy.
The timeline for when talks started between the South Australian government and administrators – before the extraordinary move on steelworks owner GFG Alliance – can now be revealed.
Mark Mentha triumphantly sold the Whyalla steelworks to Sanjeev Gupta back in 2017, after saving it from near collapse. Now he’s back to save the steel city once again.
Businesses owed money by the Whyalla steelworks will have access to an emergency $50m rescue fund, while GFG Alliance entities owed money will be blocked from accessing it.
GFG Alliance boss Sanjeev Gupta says the SA government was wrong to put the Whyalla steelworks into administration, but on the upside it would no longer be a drag on his empire.
Original URL: https://www.adelaidenow.com.au/journalists/cameron-england/page/2