Early action key to saving businesses through restructuring, experts say
Australian businesses are facing a wave of insolvencies, with court-ordered wind-ups surging 133% in the first half of the 2024 financial year.
Source: dynamicbusiness.com
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New helpline eases access to insolvency support for businesses, individuals
Insolvency Australia has introduced a national helpline, the first of its kind, aimed at providing insolvency guidance to businesses, individuals, and trusted advisers.
Source: dynamicbusiness.com
Labour hire companies collapse as slowing economy hits Australia's jobs market (Sydney Morning Herald)
A number of recruitment and labour hire firms in Australia have crumbled recently as the slowing economy makes employers more reluctant to spend money to external recruitment firms who are struggling to fill job vacancies with qualified candidates,
Source: staffingindustry.com
Jobs market: Recruitment, labour hire companies collapse amid worker reluctance to move
A slowdown in economic growth has tightened the jobs market, putting recruiters and staffing agencies into liquidation.
Source: theage.com.au
Why so many Australian businesses are going bust
Cash-strapped businesses are buckling under pressure from the Australian Taxation Office and other creditors as the insolvency trickle turns into a 'surge'.
Source: dailymail.co.uk