
Childcare giant G8 reports big loss but tips a year of recovery
Early childhood education group G8 has posted a $187 million loss for the December full year as it struggles through a massive restructure and foots an $80 million unpaid wages bill.
Early childhood education group G8 has posted a $187 million loss for the December full year as it struggles through a massive restructure and foots an $80 million unpaid wages bill.
Early childhood education provider G8 has been hit with a bill of between $50 million and $80 million as a result of underpayments that could affect up to 27,000 workers.
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Education group G8 has suffered a $239 million loss for the June 30 year, most of which related to writedowns.
Gold Coast education group G8 has raised $300 million from investors but not before its underwriters were slugged with a hefty bill.