Australia’s biggest plastics and chemical manufacturer has gone bust with some 700 jobs on the line.
Qenos was plunged into voluntary administration on Wednesday, leaving the future of its manufacturing plants in Victoria and NSW up in the air.
Staff revealed they were advised of the latest development in several meetings.
Qenos operates two facilities: one in Altona in Melbourne‘s west – which is Australia’s largest production centre for petrochemicals and plastics and employs 450 workers – and one in Botany in Sydney – where 250 workers are employed.
The future of workers at the Qenos manufacturing plants in Victoria and NSW are on the line
The company’s Botany facility is set to be closed, although it has not been operational since February 2023 due to the collapse of its cooling towers
The company’s Botany facility is set to be closed, although it has not been operational since February 2023 due to the collapse of its cooling towers.
On its website, Qenos claims to be ‘the sole…