For a third time in seven days, a Dunedin business has succumbed to the recession, with the shareholders of Honda Otago placing the business in the hands of liquidators on Tuesday, with the loss of nine jobs.
Last weekend, property consultancy DTZ's Dunedin office was closed following a head office directive from London, with the loss of seven jobs, though it will be reopened as a new employee-owned company.
Last week, Carpet Court signalled it may lay off up to eight staff, following a 20% downturn in work during the past three months, but yesterday confirmed six redundancies.
Contacted yesterday, Dunedin liquidator Hudson Biggs, of Grant Thornton, said the proprietors of Otago Motorcycles Ltd, which traded as Honda Otago, placed the company in the hands of liquidators.
It was the authorised Honda dealership, he said.
Seven jobs plus the owners' two positions were lost.
Mr Biggs said the liquidators had only just begun making an inventory of stock and vehicles, and it was too early to estimate how much might be owed.
The first report is due in about a month.
Otago Motorcycles' directors and shareholders are Garry Clarke and Wayne Pocklington, of Dunedin, and Bruce Davidson, of Alexandra, Companies Office records say.
