Posted on 25 Feb 2015
Manufacturer and supplier of steel products, Martensite Australia unexpectedly shut down its operations at Tomago in NSW on Monday.
The Newcastle Herald reports that about 20 workers from the company were told the news without warning on Monday morning.
Bob Meyrick, a worker at the plant told the Herald that, although the company had been struggling because of the mining downturn and increased competition, the directors had made assurances that the business was not going to close.
“…just before work started at 6am on Monday they called us all together and said they were shutting the business straight away, and that they were calling in the administrators,’’ Meyrick said.
According to Martensite Australia’s website, the company manufactures and supplied hot rolled alloy and carbon bars, hot rolled flats and squares, bright steel rounds and shapes, precision ground bars, alloy and carbon hollow bar and hard chrome plated bars.
The company served several industries, including automotive, agricultural, materials handling, mining and general engineering; and supplied products to local and overseas markets.
