Ovato revenues down 28.2% in COVID hit half
Ovato posts a $9.7m net loss with EBITDA before significant items at $22.3m including $18.3m in JobKeeper payments
1 March, 2021Posts Tagged: Ovato
Woolworths in print for “foreseeable future”
Woolworths says it is committed to print for the foreseeable future, despite putting its catalogue temporarily on ice in certain areas
25 January, 2021
Ovato scheme “sets no precedent”: Slaven
Ovato managing director Kevin Slaven says the company’s exceptional circumstances mean its now approved restructuring scheme has set no precedent
20 January, 2021Ovato, PVCA in war of words over deal
Ovato managing director Kevin Slaven has hit back at claims that the printing company’s actions will damage the broader industry
18 January, 2021
Ovato’s end would not have hurt broader industry: PVCA
The PVCA says it supports positive action and cannot condone the recent actions of Ovato
18 January, 2021Liquidators take over four Ovato entities
Troubled printer, Ovato, now has an extra $40 million in the kitty to help it realise its plans to boost its data capabilities in 2021
13 January, 2021
Ovato employees prepare for end of an era
For hundreds of staff at Ovato’s Clayton plant, the coming weeks will mark an end of an era with the factory set to close providing final court approval is granted on December 18
10 December, 2020Creditors approve Ovato 50 cent pay deal
Another hurdle in Ovato’s legal bid to restructure and recapitalise has been passed with all creditors agreeing to a 50 cent in the dollar pay deal for outstanding bills
7 December, 2020First leg of Ovato’s survival plan gains court approval
A plan to shore up the future sustainability of one of Australia’s largest printers, but at the same time cost 300 jobs, has been approved in the NSW Supreme Court with creditors and members next to give it the nod
19 November, 2020Fury as Ovato sends 300 staff to government for pay-out
As the details of Ovato’s survival plan sink in across the printing industry, the Australian Manufacturing Workers Union has expressed shock that taxpayers will foot the redundancy bill for 300 staff
17 November, 2020
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