this post was submitted on 26 Mar 2025
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In short:

Jeanswest will close more than 90 stores in Australia, putting hundreds of people out of work due to tough retail trading conditions.

The brand is the latest local retailer to collapse, after the parent company behind Rivers, Katies and Rockmans entered administration last year.

What's next?

Stock at Jeanswest stores will go on sale immediately as administrators look at ways to restructure the business to focus on online retail.

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[–] [email protected] 9 points 3 weeks ago (2 children)

Wow, they were still around?

[–] [email protected] 4 points 3 weeks ago

Not anymore!

[–] [email protected] 1 points 3 weeks ago

... 🤨 Where you live?

[–] [email protected] 8 points 3 weeks ago (2 children)

I know they aren't a car manufacturer or a mine so I guess no bail out from the government.

[–] [email protected] 8 points 3 weeks ago

Fuuuuck. It's so true it hurts. Satire, sometimes, is only funny for a second.

[–] [email protected] 4 points 3 weeks ago (1 children)

Workers from the Mosaic collapse have already been offered assistance under the federal government's scheme to pay out workers missing entitlements.

They're getting a bit of a bailout.

[–] [email protected] 6 points 3 weeks ago (2 children)

They're paying the workers directly for their missing entitlements? That's astonishingly good of the government.

[–] [email protected] 3 points 1 week ago (1 children)

That legislation waa brought in under the Howard governemnt from memory?

It's been awhile (so my memory could be faulty) but their was some large busines shit the bed back in the day and lots of employees were left missing their holiday pay, super etc and legilsation was subsequently introduced to cover it.

[–] [email protected] 1 points 1 week ago

I'm thoroughly impressed.

[–] [email protected] 2 points 3 weeks ago (1 children)

I mean they're probably paying the CEO and asking that the CEO pass it onto the workers. The CEO'll likely pay off their credit card or get some work done on their frown lines from all the stress.

[–] [email protected] 1 points 3 weeks ago (1 children)

Yeah, I'm sure that's how it works.

[–] [email protected] 1 points 3 weeks ago (1 children)

I don't have much trust in the government helping the little people.

[–] [email protected] 3 points 3 weeks ago (2 children)

Why are so many people on this platform like this?

[–] [email protected] 3 points 3 weeks ago (1 children)

Because the Aussie gov does heaps to support corporations and little to support workers. Did you see that Punters Politics piece on big petro/gas companies paying less tax than Australian teachers? It's not trickle down, it's punch down.

[–] [email protected] 5 points 3 weeks ago (1 children)

Also there is a fair amount of ignorance. Australian unions have worked with the ALP for decades to ensure entitlements for Australian workers in these circumstances and Labor passed the FEG legislation.

We get it, the mining lobby and billionaires are a corrupting influence on democracy including the ALP. The ALP aren't left enough, aren't proactive enough, whatever. But also the ALP has passed a lot of legislation that benefits working Australians and unsurprisingly you hear fuck all about it from MSM or people pushing minor parties and independents.

When these companies can't pay entitlements it isn't the Liberal party, Greens or independents that legislated to ensure workers aren't going to be completely fucked.

Credit where its due.

[–] [email protected] 3 points 3 weeks ago

True. We've also had many years of mostly LNP government which I reckon has tainted people's view of government overall. The LNP/MSM circle jerk certainly doesn't help when anything decent the ALP does doesn't get mentioned.

[–] [email protected] 2 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

Have you never worked for a corporation?

I just watched 20 people resign and it benefited the "trusted" executive leader who pretended like they were so heartbroken about it....

[–] [email protected] 1 points 3 weeks ago

Cool.

We're talking about the Australian federal government here though.

[–] [email protected] 2 points 3 weeks ago

claimed hundreds of thousands of dollars worth of stock, but actual value would be about 10 bucks total. Seriously cant believe they hung in as long as they did when it was 4x the price of bigw jeans at 1/8th the quality.

[–] [email protected] 1 points 3 weeks ago

Again? I'm sure this happened years ago.