It is always sad news when you hear of a company forced to close its doors – especially engineering and manufacturing companies (because it is my belief that Australians are amongst the most innovative in the world but this sector has been left exposed by numerous governments).
Today Australian Envelopes entered voluntary liquidation due to the rapid demise of snail mail. Meaning…online communication is king.
Despite increasing to 45% market share the company suffered losses of minus half a million dollars. 300 people are now out of a job.
They were the largest envelope maker in the nation.