On March 31, two large Australian building companies collapsed, joining a long line of business failures in the construction industry.
Porter Davis Homes had 1,500 partially built houses in Victoria and 200 in Queensland, as well as almost 800 signed house-building contracts ready to start. The Lloyd Group had 59 projects underway, mostly for state and local governments including education, health and aged care buildings.
The majority of Porter Daviss 410 directly employed staff were sacked, apart from a skeleton crew retained by the liquidators to wind up the company. All 200 Lloyd Group employees were made redundant. Thou…
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