Aged care, disability and veterans care service provider Annecto Incorporated has entered voluntary administration, putting entitlement payouts for hundreds of staff in doubt.
Last month Annecto, which has more than 1,000 employees and 4,400 clients across four states, announced it would stop its community services by the end of July.
On Monday, the Annecto board put the organisation into voluntary administration, saying the organisation was either insolvent, or was likely to become insolvent in future, according to administrators McGrathNicol.
A Melbourne-based Annecto worker worries they may have to farewell up to two-thirds of their clients. (Supplied)
In a letter to staff, the administrators said all staff would be made redundant, and…