Australian Politics Forum - In Administration, About 1000 Jobs Under Threat

imcrookonit

Ex Member

In Administration, About 1000 Jobs Under Threat
Apr 27^th, 2012 at 7:20am

Trucking firm 1st Fleet in administration. Sad

April 26, 2012

AAP

National trucking firm 1st Fleet has gone into administration, with about 1000 jobs under threat. Sad

Sydney-based administrators deVries Tayeh was appointed to oversee the day-to-day running of the firm on Wednesday - citing cash flow difficulties at the NSW-based company.

"Generally, it's run out of cash," joint administrator Riad Tayeh told AAP.

"As you can see it's a tough time in the economy, so we're just trying to get a handle on the cash flow at the moment and trade it on and see what we can do with it.

"We hope within the next two weeks we'll be able to work out a direction."

He said the company operates about 1000 trucks nationwide. Huh

Administrators may look to find a buyer for 1st Fleet and Mr Tayeh said it would attempt to minimise job losses.

"We want to make sure that the best possible outcome is done," he said.

A senior manager at 1st Fleet declined to elaborate on the reasons for the company being placed in administration.

The private firm, which has headquarters in Smithfield, in Sydney's southwest, was founded in NSW in 1988 and grew to become a sizeable logistics operation.

It also provides warehousing, fleet management, labour hire and recruitment and wharf container transport services.

© 2012 AAP

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salad in Gold Member Offline Australian Politics Posts: 5941	Re: In Administration, About 1000 Jobs Under Threat Reply #1 - Apr 27^th, 2012 at 8:53am Don't worry, the workers' friend, the ALP, via its federal treasurer promised 500,000 jobs in his 2011 budget. Sit back and relax. Put your feet up.
Back to top	The ALP, the progressive party, the party of ideas, the workers' friend, is the only Australian political party to roast four young Australians in roof cavities. SHAME! SHAME! SHAME! IP Logged

Ex Dame Pansi

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Re: In Administration, About 1000 Jobs Under Threat
Reply #2 - Apr 27^th, 2012 at 9:55am

salad in wrote on Apr 27^th, 2012 at 8:53am:

Don't worry, the workers' friend, the ALP, via its federal treasurer promised 500,000 jobs in his 2011 budget.

Sit back and relax. Put your feet up.

Apparently Mr Baillieu, that's right Mr Baillieu the Liberal Premier of Victoria has promised $1.2billion to create 2500 jobs.

When Labor do it, it's an abomination, when the Libs do it, it's who knows, something good anyway.

http://www.heraldsun.com.au/news/more-news/baillieus-12bil-jobs-rescue/story-fn7...

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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Swagman Gold Member Offline Beware of cheap imitations...... Posts: 15095 Illawarra NSW Gender:	Re: In Administration, About 1000 Jobs Under Threat Reply #3 - Apr 27^th, 2012 at 10:28am Another company folds due to the carbon tax, mining tax and IR policies of Labor. More people on the dole queues. No worries folks you'll be able to play space invaders on fast broad band and post on Ozpolitic all day to keep yourself amused.....
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salad in

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Re: In Administration, About 1000 Jobs Under Threat
Reply #4 - Apr 27^th, 2012 at 1:03pm

Ex Dame Pansi wrote on Apr 27^th, 2012 at 9:55am:

Apparently Mr Baillieu, that's right Mr Baillieu the Liberal Premier of Victoria has promised $1.2billion to create 2500 jobs.

I don't believe that. MPs from the Liberal party are anti worker and couldn't give a damn about other people if they aren't members of the Liberal party.

If ANY politician, ALP, Lib-NP, Greens, or any other party told me the sky was blue I would look up because they are ALL nothing but vile, putrid, rotting, objectionable shyte.

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« Last Edit: Apr 27^th, 2012 at 2:07pm by salad in »

The ALP, the progressive party, the party of ideas, the workers' friend, is the only Australian political party to roast four young Australians in roof cavities. SHAME! SHAME! SHAME!

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Sir lastnail

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Re: In Administration, About 1000 Jobs Under Threat
Reply #5 - Apr 27^th, 2012 at 1:05pm

Ex Dame Pansi wrote on Apr 27^th, 2012 at 9:55am:

salad in wrote on Apr 27^th, 2012 at 8:53am:

Don't worry, the workers' friend, the ALP, via its federal treasurer promised 500,000 jobs in his 2011 budget.

Sit back and relax. Put your feet up.

Apparently Mr Baillieu, that's right Mr Baillieu the Liberal Premier of Victoria has promised $1.2billion to create 2500 jobs.

When Labor do it, it's an abomination, when the Libs do it, it's who knows, something good anyway.

http://www.heraldsun.com.au/news/more-news/baillieus-12bil-jobs-rescue/story-fn7...

Are those the jobs digging up brown coal Cheesy

LOL

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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Sir Spot of Borg Gold Member Online WE ARE BORG Posts: 26589 Australia	Re: In Administration, About 1000 Jobs Under Threat Reply #6 - Apr 27^th, 2012 at 2:37pm $1.2bil to create 2500 jobs What? Huh? Why would it cost that much to create 2500 jobs? SOB
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Andrei.Hicks

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Re: In Administration, About 1000 Jobs Under Threat
Reply #7 - Apr 27^th, 2012 at 2:39pm

Sir lastnail wrote on Apr 27^th, 2012 at 1:05pm:

Ex Dame Pansi wrote on Apr 27^th, 2012 at 9:55am:

salad in wrote on Apr 27^th, 2012 at 8:53am:

Don't worry, the workers' friend, the ALP, via its federal treasurer promised 500,000 jobs in his 2011 budget.

Sit back and relax. Put your feet up.

Apparently Mr Baillieu, that's right Mr Baillieu the Liberal Premier of Victoria has promised $1.2billion to create 2500 jobs.

When Labor do it, it's an abomination, when the Libs do it, it's who knows, something good anyway.

http://www.heraldsun.com.au/news/more-news/baillieus-12bil-jobs-rescue/story-fn7...

Are those the jobs digging up brown coal Cheesy

LOL

Niente problema.

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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde

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imcrookonit

Ex Member

Re: In Administration, About 1000 Jobs Under Threat
Reply #8 - Apr 27^th, 2012 at 3:13pm

Retailers killing trucking industry - union

AAP
April 27, 2012

MAJOR retailers such as Coles are to blame for national trucking firm 1st Fleet going into administration, the transport union says.

Up to 1000 jobs are at risk after Sydney-based administrators deVries Tayeh were appointed to oversee the day-to-day running of 1st Fleet on Wednesday - citing cash flow difficulties at the NSW-based company. Sad

Transport Workers Union National Secretary Tony Sheldon says the difficulties faced by 1st Fleet are a warning sign of the dangers posed by "the unfettered economic might of major retailers such as Coles".

"Major retailers are putting the big squeeze on their supply chain, wringing it dry and pocketing the profits," Mr Sheldon said in Sydney today. Sad

"This affects everyone from truckies to farmers, small businesses and small communities.

Mr Sheldon said workers at 1st Fleet took illegal industrial action yesterday, which was subsequently supported by the union.

"These workers made the decision to say if they weren't getting paid, and owner-drivers hadn't been paid after two months, enough was enough," Mr Sheldon said. Sad

He accused the company of mismanagement, saying the union had been forced several times over the past two years to take action to make sure the company paid superannuation to its employees.

But he said the country's major retailers were to blame for the millions of dollars owed to the firm's workers.

"The blame primarily lies with the retailers because they have been squeezing the life out of transport supply chains, manufacturers, farmers in this country at a cost - and the cost is decent Australian jobs."

"I have some sympathy for this transport operator. They've been around for a very long time.

"They employ a lot of jobs and they are reasonably paid jobs.

"But this company has been squeezed at the behest of the retailers and their margins, and they have made cuts they shouldn't have made." Sad

Read more: http://www.news.com.au/business/breaking-news/retailers-killing-trucking-industry-union/story-e6frfkur-1226340787441#ixzz1tDM7F3xq

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: In Administration, About 1000 Jobs Under Threat Reply #9 - Apr 27^th, 2012 at 3:14pm "Transport Workers Union National Secretary Tony Sheldon says ....." Sorry I stopped reading after that. Shock as Union suggests jobs under threat. Next you'll be telling me that Germans can take penalties and Man United might win the league....
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