Breaking: Bathla stands down staff as it faces collapse

The floundering property developer has stood down 200 staff as it tries to find urgent funding.

Originally published by ABC News Australia7 September 2026, 00:45Full licensed article

Breaking: Bathla stands down staff as it faces collapse

Bathla Group stands down staff as it secures short-term funding agreementBy Lin Lin and Alex Turner-Cohen

Topic:Housing Construction Industry

Posted Mon 7 Sep 2026 at 10:45amMon 7 Sep 2026 at 10:45amMon 7 Sep 2026 at 10:45am, updated Mon 7 Sep 2026 at 11:11amMon 7 Sep 2026 at 11:11amMon 7 Sep 2026 at 11:11am

Bathla Group has reached a short-term funding agreement with five of its lenders which will continue its survival for another two weeks.

The administrator, Teneo, says this funding will allow construction to continue on those lenders’ construction projects.

However, construction on other projects will be suspended today, resulting in approximately 213 employees being stood down.