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Groves leaves ABC amid financial uncertainties
By Catherine Gaunt,
Nursery World,
9 October 2008
The founder of the world's largest childcare company, ABC Learning Centres, stepped down as its chief executive last week.
The departure of Eddy Groves and his wife Le Neve Groves, who have both left all their board and management positions, follows ongoing problems for the business, which has been beset by financial difficulties since March when its share price fell dramatically. Meanwhile, Australian press reports last week said that ABC would appear before the Australian Industrial Relations Commission in Sydney amid allegations by a trade union that the company illegally reduced staff hours. The Liquor, Hospitality and Miscellaneous Union said it had received complaints from childcare workers...
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