Business as usual for Coffs ABC Learning Centres
While directors of the three Coffs Coast centres remained tight-lipped under a strict media policy yesterday, new receivers and managers of the company, McGrathNicol, assured parents that all centres will remain open.
"I would like to assure all parents and staff that following our appointment their local childcare centre will continue to operate as usual," McGrathNicol partner Chris Honey said.
"The interests of children, families, staff and their entitlements are central to our considerations in this process. It is our intention to manage this process smoothly, and avoid disruption to families," he said.
In a statement to the Australian Stock Exchange, ABC Learning said the decision to place the company into administration had been taken after a careful review of its future.
"The board and current management team are disappointed to be in this position despite the efforts of so many staff and the continued support of parents," chairman David Ryan said.
Local ABC Learning Centres are found at 96 Thompsons Road, 58 Duke Street and Moonee Beach Road at Moonee. Nationally, ABC Learning Centres provide care for about 100,000 children, representing about 25 per cent of the Australian childcare market.
Meanwhile, the Federal Government is in discussions with creditors about the future of ABC Learning to ensure the centres continue operating.
"The government has been in discussions with creditors, particularly the banking syndicate of international and Australian banks who have appointed the receiver, to provide some comfort to parents and employees," said education minister Julia Gillard.
Want to know more?
ABC Learning Centre to 'remain open'.
Childcare centres fear ABC closure.
ABC Centres remain open in Toowoomba.
Gillard quiet on ABC Learning bailout.
Receivers to keep ABC Learning Centres open.