Almost 50 jobs have been axed at the Whyalla steelworks with its owner GFG Alliance blaming a prolonged downturn in steel market conditions globally. The ABC earlier revealed GFG Alliance owed several contractors in Whyalla tens of thousands of dollars. The steelworks went into administration in 2016, but was bought by the company owned by...
Tag: downturn
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April runs two beauty services — the high-end one is booming, the other struggling. It’s a microcosm of the economy
In short: Credit reporting firm illion finds that the number of small businesses at risk of collapse has jumped by 20 per cent in a year, while large firms have seen a 20 per cent reduction in insolvency risk. Hospitality, retail, construction and transport are the most at-risk sectors. What’s next? The data suggests hundreds...