Hastie sells subsidiaries and saves 400 jobs

Failed engineering business the Hastie Group has sold two of its subsidiary firms, which will allow more than 400 workers to stay in their jobs.

The voluntary administrator for the Hastie Group has today announced it has sold the two firms, Cooke and Carrick, a hydraulics specialist, and D&E, an air conditioning specialist.

Cooke and Carrick is based in Tullamarine and employs 134 people while D&E, from Rowville, provides air conditioning and mechanical services, and employs 274 people.

This article first appeared on SmartCompany.

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