Kilburn-based Railroad Transport has been placed in voluntary liquidation with more than 100 staff around Australia made redundant.
Liquidator Tarquin Koch said the amount owed to them would be north of $2.1 million, but employee entitlements are covered under the federal Fair Entitlements Guarantee Scheme.
Although the company made slight losses on annual revenues of around $35 million in the past couple of financial years, there are no reports yet on exactly why the company has folded.
All its social media and web presence has been taken down and staff who are still answering the phone are directing all queries to the liquidator.
According to one report, company documents show the companys shareholders voted that it be wound up volun…
Read the full article at: https://bigrigs.com.au/index.php/2021/07/22/railroad-transport-placed-in-voluntary-liquidation/
