Stewart Cummins, who tried to rescue education firm Vocation before it collapsed in late November, has jumped ship to become the chief executive of battling training and labour hire firm Ashley Services, which has also been experiencing serious problems as its share price sinks dangerously low.

Mr Cummins started on Monday initially as chief operating officer at Ashley Services ahead of a full transition to chief executive of the company on February 15, 2016. He says Ashley has a better business model and it has a much larger focus on labour hire and recruitment.