I remember LWR from when I was a kid so this is sad news.
What annoys me is this statement.
"Hundreds of jobs are at stake and we are sure that poor management is at the heart of the problem," said the secretary of the union's clothing and textiles section, Maxine Gay.
Talk about kicking the owner Ken Anderson in the balls. I don't know Mr Anderson but I would imagine that he didn't invest in LWR only to mismanage the company into oblivion. Mrs/Miss/Ms Gay should make constructive comments or pull her head in.
Maybe Ken's problem was banking with Westpac.