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