The collapse of Easy Mind Home-based Childcare could witness hundreds of parents struggling to look for a substitute for their childcare. A conference call at that meeting confirmed Easy Mind to be in troubled waters.

The national childcare business has gone bust jeopardizing 300 jobs and rendering more than 100 Palmerston North children as vagabonds.

Mr Rodewald, consoling the parents, claimed that they are still getting to tackle the financial situation. Also the additional information on why the company collapsed is expected to be out by the next week. He reveals that there is an ample flexible time period as to when Easy Mind has to be sold.

An anonymous worker revealed that $250,000 of Ministry funding had been removed because the company's paperwork was not in order

"We are looking for someone to buy the company”, Mr Rodewald said. However, the local management opted to remain silent when asked to comment on what would happen if a buyer was not found, or how staff would be paid until a buyer was found.

The Childcare firm currently owns 23 networks nationwide, 38 full-time and part-time staff along with 257 paid caregivers. A liquidation report is due by January 17.