It's been revealed iconic Newcastle bakery, Darby's Pies has been placed in liquidation owing $3million to creditors.
The business, which opened in 1969, was placed in voluntary administration in March while attempts were made to keep the company trading.
However, the decision was made at the weekend to close the doors for good yesterday, leaving 120 people out of work.
The company operated 27 stores across Newcastle.
It's unlikely the company will be able to pay employees their entitlements - they'll instead have to access the Federal Government's Fair Entitlement Scheme.
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| Staff at Darbys Pies were told on Monday they no longer had jobs. Picture: NBN News |
