Child Care News
Big four banks have more than $1bn at stake in ABC Learning Centres
Herald Sun - Liam Walsh and George Lekakis - November 07, 2008THE 20-year-old childcare empire of ABC Learning Centres is facing a potentially slow and painful break-up that may leave the country's biggest banks facing hundreds of millions of dollars in losses...
Funding black hole at ABC Learning
Sydney Morning Herald - Vanda Carson - November 7, 2008THE receivers of ABC Learning Centres are still trying to work out how much cash will need to be injected into the business to ensure the doors of centres remain open...
Families devastated as receivers threaten to close ABC care centres
The Australian - Natasha Bita and Michael Sainsbury - November 07, 2008RECEIVERS of ABC Learning want banks and taxpayers to provide a $60million funding lifeline to keep its childcare centres open until Christmas...
Child-care rescue
Sydney Morning Herald - Elizabeth Knight - November 7, 2008Make no mistake: this company is not only broke but it is not in a position to pay the ongoing costs of keeping these child-care centres open...
Business as usual at ABC learning centres
Daily Telegraph - Brad Watts and Tim Vollmer - November 07, 2008The Federal Government and administrators reassured parents it would be "business as usual" for ABC Learning's 1100 childcare centres - including those in...
Never as easy as ABC
Daily Telegraph - Terry McCrann - November 07, 2008EDDY Groves changed the entire face of child care in Australia. It is now going to change again with the fall of his ABC Learning Centres...
ABC calls in administrators
Sydney Morning Herald - Vanda Carson - November 6, 2008ABC Learning's board has appointed voluntary administrators Ferrier Hodgson whose first task will be to see if the company can be saved...
Federal government won't run ABC Learning centres if it collapses
The Australian - November 06, 2008THE Federal Government will not be involved directly in running the centres owned by the nation's biggest childcare provider, Finance Minister Lindsay Tanner...
No TV in first two years, says childhood expert
The Australian - Stephen Lunn - November 06, 2008US childhood expert Michael Rich can recite, chapter and verse, the research linking children's overuse of media to health issues such as obesity, anxiety and aggression...
Receivers poised to take over ABC Learning
NEWS.com.au - Liliana Molina - November 06, 2008THE childcare empire built by former milkman Eddy Groves is expected to reach its lowest point today by being placed in the hands of administrators and receivers...
Shared care: quality is what matters most
Sydney Morning Herald - Adele Horin - November 6, 2008...it makes no difference to children's wellbeing whether they see the non-resident parent half the time or every second weekend. What counts is how well parents get on...
Child-care firm in battle to survive
The Age - Vanessa O'Shaughnessy and Dan Harrison - November 6, 2008STAFF at some ABC Learning centres are considering management buy-outs as the distressed child-care company fights for survival. And companies which offer employer-sponsored child care through ABC Learning are contemplating their options...
ABC Learning Centres shareholders set to lose entire investments
Daily Telegraph - Andrew Carswell - November 06, 2008SEETHING ABC Learning Centres shareholders are likely to lose their entire investments if the childcare operator sinks into administration, analysts have warned...
Contingency plan for kids, workers of ABC Learning centres
Daily Telegraph - Sue Dunlevy and Tim Vollmer - November 06, 2008The childcare union warned 12000 jobs could be at risk and tens of thousands of parents would be unable to work if the company folds...
Julia Gillard mother superior at ABC Learning's child centres
Daily Telegraph - Peter Gosnell - November 06, 2008Twelve hundred child care centres all shutting at the same time is a lot of working mothers out of the workforce in one go - a consequence that's ideologically and politically unpalatable...
