The Australian-owned mattress manufacturer A.H. Beard entered voluntary administration on Tuesday.
Photo: 123rf
About 40 workers in New Zealand have lost their jobs after the shock collapse of an Australian-owned mattress manufacturer A.H. Beard Limited on Tuesday.
The Australian parent company entered voluntary administration after 126 years in business yesterday with the New Zealand company placed into liquidation on the same day.
“These workers turned up to their jobs yesterday and were told it was over. There was no warning, no time to prepare. That kind of shock takes a real toll, and the financial uncertainty on top of it makes it worse,” said E tū Director Mat Danaher.
Danaher was critical of the company’s lack of…