Cred­i­tors’ con­cern at Rivet end

Jobs in ques­tion af­ter com­pa­nies go into ad­min­is­tra­tion

Big Rigs - - NEWS -

AUS­TRALIAN min­ing and trans­port group Rivet, the reincarnation of McAleese, has placed a num­ber of busi­nesses into ad­min­is­tra­tion just months af­ter their es­tab­lish­ment.

Aus­tralian Road Ex­press and Rivet Min­ing Ser­vices East, which col­lec­tively em­ploys more than 200 peo­ple across Aus­tralia, were put on no­tice, with re­ceivers McGrathNi­col en­ter­ing on July 17.

How­ever, 48 hours af­ter the com­pany an­nounced to the press it was go­ing into re­ceiver­ship, some cred­i­tors were yet to be con­tacted and had not re­ceived for­mal no­ti­fi­ca­tion by the time of pub­li­ca­tion four days later.

One cred­i­tor who had also ex­pe­ri­enced the McAleese down­fall said there was a sense of deja vu.

“We lost a lot when McAleese went un­der but were given guar­an­tees to cover what was lost prior,” he said, not want­ing to be named.

“We found out on Mon­day night from another trans­port com­pany, but that was it, we haven’t had any con­tact oth­er­wise.

“It is frus­trat­ing a min­ing con­glom­er­ate worth mil­lions carves out a loss and cuts peo­ple loose.

“No one wants to be burnt twice, it hurts, but we are lucky to be big enough to trade through this.

“It is more dev­as­tat­ing for the blokes run­ning across the ditch re­ly­ing on the pay who still haven’t even got their group cer­tifi­cates.”

Another cred­i­tor Big Rigs con­tacted sug­gested the de­lay in no­ti­fi­ca­tion was to en­sure de­liv­er­ies were done be­fore peo­ple re­alised they might not be paid.

Con­tacts have also de­scribed locked gates with se­cu­rity guards po­si­tioned at the Perth head of­fice.

Aus­tralian Road Ex­press has about 180 em­ploy­ees, with head­quar­ters in Perth and de­pots in Ade­laide, Mel­bourne, Syd­ney and Brisbane.

The Rivet Min­ing Ser­vices East Group em­ploy­ees 70 peo­ple and has heavy haulage and crane de­pots based in New­cas­tle, Rock­hamp­ton and Emer­ald.

The busi­ness, which has a fleet of more than 250 trucks, trail­ers and cranes, pro­vides lift­ing and haulage so­lu­tions pri­mar­ily to the min­ing, en­ergy and in­fra­struc­ture in­dus­tries.

The ap­point­ment does not im­pact the broader Rivet Group.

Re­ceiver group BRI Fer­rier did not re­turn calls for com­ment.

❝ It is more dev­as­tat­ing for the blokes run­ning across the ditch re­ly­ing on the pay.

— Cred­i­tor

PHOTO: BRUCE HONEY­WILL

UN­CER­TAIN FU­TURE: Rivet group has made the de­ci­sion to move Aus­tralian Road Ex­press and Rivet Min­ing East into ad­min­is­tra­tion, leav­ing cred­i­tors with ques­tions.

PHOTO: MIKE RICHARDS

McAleese trans­port had gone into vol­un­tary ad­min­is­tra­tion last year be­fore evolv­ing into Rivet.

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