Another construction company has gone into voluntary administration with all its staff laid off.
Western Sydney-based company Zadro Constructions went under last month with Grant Thornton Australia appointed as administrator on September 15.
All seven staff have been made redundant as a result.
Zadro recently finished 14 school infrastructure projects in Sydney‘s west and north, restored several churches.
It also did the fit-out for the Westconnex Motorway operations centre and worked on Sydney Living Museums’ iconic Hyde Park Barracks.
Another construction company has gone into voluntary administration with all its staff laid off
‘The administrators held discussions with key customers regarding options to restructure the company’s affairs and complete projects underway,’ a Grant Thornton spokesperson told 7News.
‘While discussions regarding the future of the projects are continuing, it appears unlikely that the business will recommence trading and all staff have been formally terminated.’
The company’s future will be determined after a meeting with creditors this month.
Source: | This article originally belongs to Dailymail.co.uk
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