Collapsed developer Bathla Group stands down more than 200 workers

Australia

What to know

  • Sydney housing developer Bathla Group has provided an update after collapsing with more than $3bn in debt and hundreds of unfinished projects.S1
  • A major developer with debt of almost $3.5 billion has stood down hundreds of staff, despite securing short-term funding to continue work on some projects.S2
  • After a weekend of crisis talks, administrators reached a short-term deal but confirmed construction on some developments in Sydney would be suspended.S3S4
Timeline · newest first
1mo Perthnow

Collapsed developer Bathla Group stands down more than 200 workers

Sydney housing developer Bathla Group has provided an update after collapsing with more than $3bn in debt and hundreds of unfinished projects.

1mo Perthnow

Hundreds of staff stood down by embattled developer

A major developer with debt of almost $3.5 billion has stood down hundreds of staff, despite securing short-term funding to continue work on some projects.

1mo Theage · 3 reports

More than 200 staff stood down at collapsed developer Bathla

After a weekend of crisis talks, administrators reached a short-term deal but confirmed construction on some developments in Sydney would be suspended.

Collapsed developer Bathla Group stands down more than 200 workers

2 outlets 5 reports

What to know

  • Sydney housing developer Bathla Group has provided an update after collapsing with more than $3bn in debt and hundreds of unfinished projects.S1
  • A major developer with debt of almost $3.5 billion has stood down hundreds of staff, despite securing short-term funding to continue work on some projects.S2
  • After a weekend of crisis talks, administrators reached a short-term deal but confirmed construction on some developments in Sydney would be suspended.S3S4
Timeline · newest first

Sources · 5 citations

S1S2 Perthnow 2 reports · EN
S3S4S5 TheageLead 3 reports · EN