Custom Bus goes into VA

Sydney bus manufacturer Custom Bus has laid off more than 100 staff after going into voluntary administration on January 18.

Custom Bus goes into VA
Custom Bus went into voluntary administration on January 18

The Australian Manufacturing Workers Union (AMWU) says 109 production staff were made redundant, while another 13 walked off the factory floor.

The union says 39 administrative and management staff would continue to work at Custom Buses in Sydney and Custom Bus staff in South Australia had not been informed of any job losses at their site in Adelaide.

Partners Simon Cathro and Aaron Lucan of Worrells Solvency & Forensic NSW & ACT have been appointed as the administrators.

Custom Bus, which operates out of Villawood in New South Wales and Wingfield in South Australia, fell in to financial distress late last year as a result of production problems and operational challenges.

"The business will continue to trade as usual through the Voluntary Administration process and administrators will work closely with the employees, customers and suppliers to ensure the delivery of all buses currently under order," Worrells Partner Simon Cathro says.

We will continue to undertake a financial assessment of the business and will be placing the businesses up for sale. There will be no changes to the current employee structure at this stage but we will continue to review that position regularly over the course of the administration."

All offers from interested parties will be considered.  Those wanting more information or to make an enquiry or offer on Custom Bus are encouraged to contact the Worrells insolvency administration office.

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