Former employees of bankrupt Steward Health Care may soon collectively lose tens of millions of dollars in retirement savings, as financial reckoning continues for the system that once operated eight hospitals in Massachusetts. Those employees put their trust — and their savings — with the company, only to see their retirement funds revert to Steward…
T Sri Rejeki Isman (Sritex), one of Southeast Asia’s largest integrated textile manufacturers, officially ceased operations on Mar. 1, 2025, following its bankruptcy declaration. The shutdown led to the layoff of 10,965 workers between January and February 2025. In response, President Prabowo has instructed several ministers to devise solutions to help re-employ the affected workers,…
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Swiss solar panel maker Meyer Burger files for insolvency for German subsidiaries Reuters Read the original article here
Western Australia’s oldest and biggest milk company is up for sale and dairy farmers hope it will be returned to Australian hands. It is understood the Chinese owner of Brownes Dairy, Australian Zhiran, defaulted on its $200 million loan. Brownes Dairy chief executive officer Natalie Sarich-Dayton told the WA Country Hour the sale was not…
Former Victorian Liberal leader John Pesutto failed to raise the money he needs to meet a $2.3 million debt due Friday to fellow MP Moira Deeming, likely triggering bankruptcy proceedings against him as early as Friday or Monday. A party source close to Mr Pesutto said he had only secured about one third of the…
Meyer Burger is in serious financial difficulties. Keystone The solar company Meyer Burger has filed for insolvency proceedings to be opened for its two German subsidiaries. The company now intends to continue its efforts to preserve the sites with an insolvency administrator. Meyer Burger announced the move in a press release on Saturday. On the…
Pauline Hanna and Philip Polkinghorne. Polkinghorne was blackballed from the Northern club in November 2024. He was convicted for possessing a meth pipe and 37.7g of methamphetamine. Photo / Norrie Montgomery Hanna, a Counties-Manukau Health procurement executive, 63, was found dead in their Remuera mansion on Easter Monday, 2021. On Thursday, the clause was discussed…
Subpoenas issued after Builder.ai declares insolvency MSN Read the original article here
New Australian Securities & Investments Commission (ASIC) data has revealed mounting financial pressure is leading to more Australian transport and logistics operators being pushed to the brink. The latest data shows insolvencies in the sector is rising, with businesses continuing to struggle amid rising costs, labour shortages, regulatory burdens and falling asset values. Business recovery…