Up to 400 jobs are at risk after Australian Convenience Food Group announced that it is in administration. The Knox Leader reports that 90 jobs in Melbourne alone are in doubt.
Vaughan Strawbridge from administrator Deloitte stated that it could be sold within a week, but would not say anything about the number of jobs that may be shed.
“We've got good interest. It will depend what is in the expression of interests,” he told AAP.
“We won't know if there will be job losses until we conclude the sale-of-business process.”
The Sydney Morning Herald has reported that ACF has been loss-making for the last few years.