REDGroup Retail has laid off 26 staffers at its Melbourne headquarters as part of its bankruptcy proceedings. Administrators Ferrier Hodgson said in a statement that the company could not rule out additional layoffs and store closings in the coming weeks, on top of the 38 Borders and Angus & Robertson stores already closed and 321 layoffs. Earlier this week Australian bankruptcy court granted Ferrier Hodgson’s request for more time to consider its options and come up with a restructuring plan. The administrators now have until September 18. A court hearing on the same matter is pending in New Zealand, which […]
