ACL Bearing Co could slip into insolvency within days if it can not come to agreement with the State Government over the conditions on a $4 million loan. The Government has promised the assistance on the condition that ACL’s directors give personal guarantees. But ACL’s directors yesterday confirmed they were only willing to put their share of the business as a guarantee. The situation has again placed the future of more than 270 workers at the Rocherlea-based company in jeopardy. Read more here


Economy on the brink
22 jobs go, pulp mill panellists including a forestry union boss get $657 a day …