Timber giant goes into administration

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Australian Broadcasting Corporation

Broadcast: 25/09/2012

Reporter: Hamish Fitzsimmons

Just weeks after stating a detriment of over $900 million, Tasmanian Timber association Gunns has left into intentional administration after 137 years of operation.

Transcript

EMMA ALBERICI, PRESENTER: The Tasmanian association Gunns has left into administration after trade for 137 years.

Gunns was famous to many for a tough proceed to environmentalists who wanted to hindrance a logging of local forests.

Others welcomed a critical purpose as a large employer in a island state.

Gunns has been in a trade hindrance given March, so today’s news was not wholly unexpected.

Hamish Fitzsimmons reports.

HAMISH FITZSIMMONS, REPORTER: Greens were clearly enjoying a passing of Gunns, a association that

Read full article: http://www.bbc.co.uk/news/world-africa-19582198

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Source:
http://www.ezonearticle.com/2012/09/25/timber-giant-goes-into-administration/