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More than 200 people stood down at embattled housing developer Bathla amid $3.4bn debt

The Guardian World News September 7, 2026 · 3:07 am Read Original

Pessimistic -25.9

−100 Bearish 0 +100 Bullish

More than 200 people stood down at embattled housing developer Bathla amid $3.4bn debt

Sydney-headquartered group suspends work on some of its 45 construction sites affecting 60% of workforceFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastMore than 200 workers at Sydney-headquartered Bathla Group have been stood down as administrators of the embattled property developer seek emergency funds to stave off a company-wide collapse.The insolvency advisory Teneo said on Monday that new short-term funding arrangements would only allow Bathla to continue construction on some of its 45 construction sites, though it did not identify which projects were being prioritised. Continue reading...

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Source The Guardian World News

Published Sep 7, 2026 · 3:07 am

Article ID gn6qhzm

Original URL Open source

Pessimistic -25.9

−100Neutral+100

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