Fastline Logistics, a Melbourne company distributing products for retail brands and stores, has collapsed, leaving 120 workers jobless and owed millions in entitlements .

The union is investigating the recent stripping of major assets from Fastline to another corporate entity, Global Fashion Service, which appears to be a deliberate attempt to leave only a shell behind that does not have the resources to pay worker wages and entitlements.

Earlier the same day, national freight company RedStar Transport also went into liquidation, threatening about 400 employees with redundancies. 

Read more at SMH