E-Mersion Media collapses: Brutal way staff were notified they were sacked after Melbourne-based startup entered liquidation
An Australian technology company collapsed and all staff have been sacked on the spot via an email.
Melbourne-based E-Mersion Media (Aust) Pty Ltd, which had won big contracts with Formula 1 and world footballing body FIFA, has gone into liquidation.
Registrar Kim Woronzcak ordered that the business be placed into liquidation 'on the grounds of insolvency' in the Victorian Supreme Court on Tuesday.
It is understood that the company, which was in the business of digitising print magazines, owes more $13million to creditors.
It's parent company in the UK is still operating, but The Commissioner of State Revenue started winding up proceedings against E-Mersion Media (Aust) Pty Ltd in March.
More to come.