After conducting an urgent review of finances, RPG Holdings, one Australia’s largest manufacturers of prefabricated materials for heavy engineering projects has confirmed it is laying off 154 staff.
Four companies in the RPG Group – RPG (SA), RPG Pipe, and Rollpress Proplate, went into voluntary administration on Friday amid concerns about the financial position of the firm, abc news reported.
The administrators from Ferrier Hodgson have decided to close three sites, resulting in the termination of jobs.
The three facilities closed are located in Dalby (Queensland) where 76 workers were made redundant, Richlands (Queensland) with eight redundancies, and Kilburn (South Australia) resulting in 69 redundancies. One worker was made redundant in Melbourne ( abc news).
Ferrier Hodgson are hopeful they can arrange a sale of the remaining businesses and save the associated jobs. The ABC revealed the company employed 310 staff at four factories in Queensland and South Australia prior to the administrators being appointed.
RPG’s core business was manufacturing large steel structures, such as wind farm towers, pilings for wharves and bridges, pipes, and other steel structures for the mining and renewable energy sectors.