McKnights swoops in to help PSG

ELECTRICAL services company McKnights is talking to ex- managers at PSG Russell Smith about taking on the business.

McKnights chief executive Wes McKnight said he hoped to know whether his company would take on the electrical contractor business by tomorrow afternoon.

He said it was important to move quickly if Ballarat-based McKnights was to take over PSG Russell Smith, the Tasmanian branch of PSG Electrical.

"Any delay in getting a solution here is whittling away at the size of the reformed business," he said.

"Speed is of the essence."

PSG Russell Smith's former clients would now be looking for competitors to complete work contracted to the company, he said.

Meanwhile, BSH Electrical offered employment to a small number of former PSG Russell Smith workers.

One hundred North-West employees lost their jobs when PSG Russell Smith went into receivership on Tuesday.

Another 82 Tasmanian jobs were among the total of 600 jobs lost nationally after PSG Electrical was placed in the hands of receiver KordaMentha.

McKnights will send a representative to see PSG Russell Smith's former operations and talk to its former managers today.

Mr McKnight was unable to say how many of the former workers would be re-employed if PSG Russell Smith was reformed under McKnights.

Those who worked under Russell Smith would receive preference for employment.


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