Hundreds of Staff Stood Down by Embattled Developer

Hundreds of staff stood down by embattled developer

A major developer with debt of almost $3.5 billion has stood down hundreds of staff, despite securing short-term funding to continue work on some projects.

More than 200 staff stood down at collapsed developer Bathla

After a weekend of crisis talks, administrators reached a short-term deal but confirmed construction on some developments in Sydney would be suspended.

Sydney housing developer Bathla stands down 213 staff

Administrators running the Sydney home builder have secured only enough cash to keep the business going two weeks

Bathla administrators get short-term cash as 200 staff stood down

Bathla administrator Teneo secures short-term loans to keep the business running to the end of September, but more than 200 staff are being stood down.