Engineering firm Rotary faces sale
Hastie, which employs 7,000 staff worldwide, has been hit by the tough global economic climate but was pushed to the edge last week when 20 million Australian dollars (£12 million) in accounting irregularities were uncovered.
PPB Advisory has been appointed as administrators to 44 companies in the group, which has operations in Australia, New Zealand and the Middle East, as well as the UK and Ireland.
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