In August, Gunns, which had nearly $1 billion in losses in the past fiscal year, had suspended trading for more than six months.In its statement, Gunns thanked its past and current employees.Gunns, the tasmanian timber company, began with a small family business that became the largest exporter, in the southern hemisphere, but has been in disarray.& other;The disappointment is that the company will not be able to pursue a restructuring deal that it believes has been delivered in the past and future of the company.The statement has a better result.
The company still has some existing assets, such as softwood sawmills, planting operations and pulp mills in Tasmania's valley.& other;Look at the administrator now.
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