Western Australia’s West Suits was forced to “call in administrators” when a rough economy got in the way of continued sales growth according to a story in The West.
The O’Connor-based business, which generated about $6 million in total sales last year, has secured debts owed to National Australia Bank of about $1 million. . . Up to a further $1 million is also owed to several trade creditors, and an unnamed private investor is understood to have advanced the company several million dollars.
According to the story, administrator Dino Travaglini, from Perth firm Moore Stephens says “it would be business as usual while he sourced a buyer for the company.”
Being the little guy has never been easy.
[Link: The West]
So “business as usual” means laying off all employees instantly with no warning???
Nice work Dino……..
Comments on this entry are closed.