76 jobs lost as business shuts during downturn
WITH Christmas just weeks away 76 people have lost their jobs as another Mackay business has been forced to close its doors.
MACS Engineering went into voluntary administration yesterday with Derrick Vickers and Darryl Kirk, of PwC, appointed as administrators.
The decision has come as a shock to many.
Director Simon Mortess only spoke with the Daily Mercury in August about the company's expectation of riding out the mining downturn.
At the time, Mr Mortess said they had decided to diversify their business into coal seam gas, which was part of a strategy that started two years ago.
The company opened in 1965 and expanded to Caboolture in 2011.
The Mackay and Caboolture offices ceased trading yesterday.
Fellow MACS Engineering director Ross Fredrickson said the decision to appoint voluntary administrators was made after all other options had been exhausted.
"We wanted to ensure, in the situation, that the best possible outcome for staff, creditors and other key stakeholders was achieved," Mr Fredrickson said.
PwC partner and voluntary administrator Mr Vickers said employees had been advised of the closure.
"We will be available to answer any questions they may have," he said.
"We are also interested in talking to any parties interested in acquiring the business or assets of MACS Engineering.
"Our priority is to find a buyer for the business who is committed to giving re-employment opportunities to the former staff of MACS Engineering."
Mr Vickers said the 76 employees would have access to government assistance including Centrelink and the Federal Government's Fair Entitlements Guarantee.
"Had we stood the workers down while we look for a buyer they would not have access to any assistance."