Construction giant St Hilliers has called in administrators, halting work on more than 20 projects across Australia.
The group appointed Glenn Livingstone and Alan Walker of WLP Restructuring to take charge of its construction division yesterday after racking up $12 million in losses over the past two years.
In a statement, the administrators said they have secured and paused all works across St Hilliers 21 active construction sites while they undertake an urgent assessment of the businesss financial position and operations.
They added that during the assessment period, approximately 80 staff members will be retained while 22 have been made redundant.
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According to financial documents filed with the Aus…
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