Archive for June 2nd, 2011

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Borderline

June 2, 2011

Borders stores close: 315 jobs go

The administrator of Borders’ parent company REDgroup said no buyer could be found for the stores.

Administrator John Melluish of Ferrier Hodgson said a total of 315 staff would be affected by the closures, which will take place over the next six to eight weeks.

“The employees have shown extraordinary commitment in their efforts to keep the business going,” he said in a statement.

“Unfortunately, the reasons for the store closures are beyond their control.”

The last round of closures of 16 Borders stores, announced in April, put 300 full-time staff and 210 casuals out of work.

REDgroup, which also owns the Angus & Robertson bookstore chain, was put into the hands of the administrator on February 17.

The administrators say they have guaranteed all employee entitlements accrued from that date.

The payment of staff entitlements before the administration date depended on how much was made from sale of the stores’ stock.

At a meeting on March 3, creditors were told REDgroup owed at least $118 million, with unsecured creditors owing $44 million.

REDgroup had just $1 million in the bank but employee entitlements totalled $7.8 million.

The final Borders stores – four in Melbourne, two in Queensland and one each in Canberra, Sydney and Perth – are expected to close on July 17.

~ Sourced SBS World News, Australia

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Reasons to Leave the Seat Up

June 2, 2011

Five of Paws ~ shakin' it off

Ironwing Tarot

April 2010 Wellington – A cat saved a sleeping New Zealand couple from a ‘raging inferno’ by wetting its paws in the toilet bowl and walking on their faces, a newspaper reported Friday.

The moggy, Maceo, woke Kate Gatonyi and her partner Bevan Garland at 3 am Wednesday to find a neighbour’s shed on fire just three metres from their bedroom window in Arrowtown, South Island, The Press newspaper of Christchurch reported.

‘I opened up my blinds, and there was a raging inferno,’ Gatonyi said. ‘It had nearly got to my fence.

‘The neighbour next door was wetting our fence, but it would have gone to the garage, the car, the gas bottles and our bedroom. It was quite scary.’

She said Maceo often played with water but had never put his feet in the toilet bowl and usually just meowed if he wanted attention at night.

He walked over their faces with his wet paws three times before they woke up.

‘He’s a hero in my world,’ Gatonyi said. ‘I think he was fantastic. He is going to get a lot of biscuits.’

~ Story found at Monsters and Critics