The last nail in the coffin has been driven home for iconic textiles company Lane Walker Rudkin.
The company was put in receivership in April with 470 staff across New Zealand and Australia forced out of a job - but today remaining workers have been told all operations will be wound up by Christmas and another 80 workers will be out of a job.
National Secretary Paul Watson says LWR employees have been dreading this day.
Mr Watson says the demise of LWR was an avoidable tragedy caused by poor management.
RadioLIVE