Jobs go as electrical contractor slips into administration
Wednesday, 04 June, 2014
Electrical contractor Pacific Services Group has slipped into administration, leaving hundreds of contractors across Australia jobless.
The company had an annual turnover of more than $300 million and employed than 1200 people across Australia.
In 2013, the Wolseley Private Equity-backed company received a $10m capital injection last year from existing investors and an agreement to restructure the company’s debt with financiers to enable it to strengthen its operations across Australia.
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