Business by Perry Williams, Jared Lynch 17th Mar 2021 8:45 AM
Premium Content Collapsed supply chain financier Greensill Capital has swung the axe with all its Australian staff losing their jobs and 500 staff in its UK office expected to be retrenched, bringing a swift end for the lender founded by Bundaberg farmer Lex Greensill and worth $6bn at Christmas. Greensill s head of Australian operations, Matthew Costello, paid an emotional tribute to his close friend Lex Greensill and revealed all 35 of the company s Australian staff had lost their jobs on Monday after the company was placed into liquidation. About 500 staff in Greensill s London operations are also expected to lose their roles imminently, The Australian understands, representing the vast majority of its UK operations.
Axe swings on hundreds of Greensill staff as empire implodes
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Bundy billionaire sacks entire Aussie workforce as empire implodes
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Business by Glen Norris
Premium Content  Among the commuter flights landing at Bundaberg Airport in late January was a million-dollar private jet owned by the Greensill clan. The twin-engine Cessna 550 Citation Bravo, which was one of several Greensill private jets, had over the years made regular visits to the sugar city that remained the corporate headquarters of Greensill Capital, the family s financial empire. But that January flight would be its last, with the billion-dollar business founded by Lex Greensill now in tatters. Earlier this month, the Cessna was transferred to a company controlled by the founder of Brisbane-based Alliance Airlines. Another jet, a Dassault Falcon registered in the Isle of Man, also has been sold as part of a fire sale of assets.