Australia’s largest private child care operator slashes 40 centres

G8 Education, Australia's largest private childcare operator, announced plans to close up to 40 centres, almost 10 percent of its operations, due to an occupancy slump and rising costs. The closures follow a fall in occupancy rates to 56.4 percent, down 7 percent year-over-year, amidst fallout from a child safety scandal.

Summary by Glance · SMH