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结止昨晚, 中学已处在财务管理之下, 学院35名院工全被解雇. 500多名学生无学可上.
Sterling College in Sydney goes bust
STUDENTS have been dealt a major blow after a Sydney college went into administration last night.
Dire financial problems forced Sterling College, which runs several campuses in the city to close.
More than 500 students have had their courses halted and face the loss of thousands of dollars in fees. All 35 college staff have been sacked.
"Late on Monday afternoon Dr Dharmappa Hagare, the sole director of Sterling College Pty Ltd, which operates the group's Sydney training facilities, made a decision to appoint Quentin Olde and Matt Adams of Corporate Recovery Specialists, Taylor Woodings, as voluntary administrators," the administrator said.
Taylor Woodings said the college's Brisbane campuses, part-owned by Dr Hagare, would remain open for the time being.
The Sydney campuses specialised in teaching IT, language and hospitality courses.
"Students have unfortunately been severely impacted by the failure of Sterling College and have had not only their education process suddenly halted, they also face the prospect of a financial loss as most of their tuition fees have been paid in advance," Taylor Woodings said.
"The administrators advise they had no alternative but to cease trading of the Sydney campuses of the college immediately as the financial position of the company was dire.
"There are insufficient funds to meet the costs necessary to operate the business including the salaries of its employees.
"Regrettably there are few options available to continue to trade on a business and develop restructuring plans when circumstances are this dire.
"The administrators will investigate the affairs of the company and report to creditors in due course. The first creditors meeting will be held on 6 August."
Taylor Woodings said it would begin discussions with the Australian Council for Private Education and Training to discuss how best to help students affected.
It said students caught up in a similar situation in Victoria recently were able to transfer to another college.
http://www.news.com.au/business/story/0,27753,25844469-462,00.html |
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