Another supplier hits the wall......
From the Daily Telegraph.
Ajax Fasteners, a division of Global Engineered Fasteners (GEF), supplies automotive and industrial fasteners to Ford, General Motors Holden, Toyota and Mitsubishi.
The company, which is based in suburban Braeside, manufactures engineered fasteners for use in engine, driveline, vehicle assembly and brake systems.
Ajax Fasteners employs up to 195 people.
The directors of GEF today appointed Stephen Longley and David McEvoy, of PricewaterhouseCoopers, as voluntary administrators of the company.
Full story http://.au/dailytelegrap...001028,00.html
Is becoming a regular occurance, unfortunately.