More than 200 people stood down at embattled housing developer Bathla amid $3.4bn debt

Sydney-headquartered group suspends work on some of its 45 construction sites affecting 60% of workforce

• Follow our Australia news live blog for latest updates

• Get our breaking news email, free app or daily news podcast

More than 200 workers at Sydney-headquartered Bathla Group have been stood down as administrators of the embattled property developer seek emergency funds to stave off a company-wide collapse, a crisis far removed from the excitement of a recent世界杯比分 in sports news.

The insolvency advisory Teneo said on Monday that new short-term funding arrangements would only allow Bathla to continue construction on some of its 45 construction sites, though it did not identify which projects were being prioritised.

Continue reading...