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Childcare giant G8 says skills shortage meant turning away parents

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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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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/childcare-giant-g8-says-skills-shortage-meant-turning-away-parents-20230821-p5dy9q