Clothing retailer Jeanswest collapses, hundreds of jobs to go
www.abc.net.au
Clothing retailer Jeanswest has collapsed, with more than 90 stores set to close within months and hundreds of employees set to lose their jobs.

In short:

Jeanswest will close more than 90 stores in Australia, putting hundreds of people out of work due to tough retail trading conditions.

The brand is the latest local retailer to collapse, after the parent company behind Rivers, Katies and Rockmans entered administration last year.

What’s next?

Stock at Jeanswest stores will go on sale immediately as administrators look at ways to restructure the business to focus on online retail.

    • porcelainpitcherEnglish
      8·
      6 days ago

      Fuuuuck. It’s so true it hurts. Satire, sometimes, is only funny for a second.

    • dumblederp@aussie.zone
      41·
      6 days ago

      Workers from the Mosaic collapse have already been offered assistance under the federal government’s scheme to pay out workers missing entitlements.

      They’re getting a bit of a bailout.

      • Ilovethebomb@lemm.ee
        6·
        6 days ago

        They’re paying the workers directly for their missing entitlements? That’s astonishingly good of the government.

        • dumblederp@aussie.zone
          42·
          6 days ago

          I mean they’re probably paying the CEO and asking that the CEO pass it onto the workers. The CEO’ll likely pay off their credit card or get some work done on their frown lines from all the stress.

                • dumblederp@aussie.zone
                  3·
                  6 days ago

                  Because the Aussie gov does heaps to support corporations and little to support workers. Did you see that Punters Politics piece on big petro/gas companies paying less tax than Australian teachers? It’s not trickle down, it’s punch down.

                • Gibsonhasafluffybutt@aussie.zoneEnglish
                  31·
                  6 days ago

                  Have you never worked for a corporation?

                  I just watched 20 people resign and it benefited the “trusted” executive leader who pretended like they were so heartbroken about it…

  • TinyBreak@aussie.zone
    2·
    6 days ago

    claimed hundreds of thousands of dollars worth of stock, but actual value would be about 10 bucks total. Seriously cant believe they hung in as long as they did when it was 4x the price of bigw jeans at 1/8th the quality.