IT Services company Commander Communications has voluntarily appointed administrators after the company's lenders decided not to grant further extensions on outstanding debt.
Commander has announced the appointment of a new chief financial officer, replacing a caretaker given the post after a substantial board shake up late last year.
Troubled telco Commander has cut 600 staff and aims to slash its operational costs as part of its turnaround plan released yesterday by new CEO Amanda Lacaze, after events late last year almost saw the company collapse.
The Office of the Federal Workplace Ombudsman announced yesterday that it will be lodging an investigation into the dismissal of 600 staff at telco Commander as part of its turnaround plan released this week.
After a difficult 12 months in which its share price has plummeted from over AU$2 to under AU$0.50, telco Commander has appointed a new managing director.
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