Bad deal ends in bankruptcy for mining tyre supplier
Australian mining tyre supplier Global Tyre Management Services has reportedly entered administration. Business news site SmartCompany.com.au shares information from Deloitte Australia regarding the Maroochydore, Queensland-based firm’s fate; Deloitte partner Richard Hughes said the company ceased trading on 4 April. Its assets, including trucks, tyres, forklifts and property, will most likely be sold off, and the company’s staff of less than ten faces redundancy.