Australia’s largest private child care operator slashes 40 centres

G8 Education, Australia’s largest private childcare operator, plans to close up to 40 centres due to declining occupancy and rising costs. The closures represent nearly 10 percent of its operations, with occupancy rates falling to 56.4 percent. The company’s shares hit a 16-year low amid ongoing fallout from a child safety scandal.

Summary by Glance · Brisbane Times