Childcare giant G8 says skills shortage meant turning away parents
Key Points
- G8 is Australia’s biggest non-profit chain.
- It has lifted prices four times in the past two years.
- Profits were up, but staff shortages remain an issue.
Childcare giant G8 Education had to turn away parents from its centres because it was unable to find enough staff to care for their children, stifling earnings growth.
Similar problems had struck the broader industry, Gold Coast-based G8 said on Tuesday. Labour shortages have been a recurring issue for many ASX-listed companies this earnings season, including smash repairers and mining services businesses, such as engineering outfit Monadelphous, which on Tuesday also said it was struggling to find enough skilled workers.
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