Property giant Lendlease is slashing 10 per cent of its global workforce, with up to 740 jobs on the chopping block. The shock announcement comes amid a five-year turnaround plan for the builder to deliver “more sustainable” performance following a bruising few years for the construction industry across Australia. In an internal memo to staff, […]
A developer has scrapped plans to build a $500 million apartment tower on the Gold Coast, citing spiralling construction costs. Melbourne-based Central Equity will not go ahead with it’s 56-storey Pacific One tower in Surfers Paradise, saying global supply chain turmoil had made it unviable. “The company feels strongly that it is better to move […]
Building industry bosses have revealed their true feelings about a recent spate of collapses in the Australian construction sector. More than 80 per cent of industry leaders are confident in the future of Australia’s construction industry despite the recent collapses of major companies, new research shows. The inaugural Kennards Hire Construction Confidence Check, published this […]
A new rating tool will help consumers judge the reliability of builders and developers amid a string of high-profile company collapses. Amid a string of construction company collapses a new rating tool will help Aussie tradies and homebuyers avoid getting caught in the crisis. Created by global rating firm Equifax with support from the NSW […]
[ad_1] Another major Aussie construction firm is on the brink of collapse with urgent crisis talks underway with key clients. Building giant Metricon is in urgent crisis talks with clients after falling into financial strife. Sales staff within the… [ad_2] Click to check original article