THE futures of more than 200 Ostwald Bros workers will be decided today in Toowoomba, with the liquidation of the struggling civil construction firm likely after no buyer was found.
Ostwald Bros Pty Ltd, which is one of three entities that make up the company, will be voted on by hundreds of unsecured creditors this afternoon at the Empire Theatre.
A vote to liquidate would lead to the layoff of 210 workers, adding to the 260 workers already sacked in August and September after the administrators were appointed.
The meeting comes amid massive tensions between the creditors committee, made up of 10 different entities and businesses, and administrator Derrick Vickers of PriceWaterhouseCoopers.
Several members of the…
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