Fed: ABC childcare places must be maintained: Macklin

AAP General News (Australia)
02-27-2008
Fed: ABC childcare places must be maintained: Macklin

CANBERRA, Feb 27 AAP - Federal Families Minister Jenny Macklin says childcare places
must be protected as Australia's biggest provider, ABC Learning Centres, faces financial
turmoil.

ABC shares plunged as much as 70 per cent yesterday on investor concern about the level
of debt the company is carrying and a disappointing first half profit.

Today the company went into a trading halt on the stock exchange.

The company runs more than 1,000 childcare centres throughout Australia and New Zealand
and a further 1,000 in the US.

Ms …