The Age
·general
·1 hour ago
Australia’s largest private child care operator slashes 40 centres
G8 Education, Australia’s largest private childcare operator, announced plans on Wednesday to close up to 40 centres due to ongoing occupancy declines and rising costs. CEO Pejman Okhovat cited a drop in occupancy levels to 56.4 percent, exacerbated by fallout from a sex abuse scandal. The company's shares have plummeted over 87 percent.
Summary by Glance · The Age
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