The collapse of a high-end melbourne construction group has dramatically expanded with dozens of additional employees sacked as four more companies go bust.
VCON, known for its award-winning projects across Melbourne including winery Jackalope on the Mornington Peninsula and apartment block Fawkner House in South Yarra, collapsed into liquidation late last year.
The Herald Sun can now reveal two more companies which operated within the VCON Group had liquidators appointed to them last week, resulting in close to 50 new job losses.
Those companies traded under the V-Struct brand.
On top of this, two companies which operate under luxury multi-residential and commercial builder Element Five have also gone bust
Element Five and Element Five (Aust) entered liquidation and voluntary administration respectively on Thursday last week.
VCON and Element Five were founded by brothers Anthony and Robert Morton.
The collapse of the VCON Group has resulted in close to 100 jobs being axed and left creditors facing losses of more than $30m.
A Grant Thornton spokesperson told the Herald Sun the liquidators had ceased trading the two V-Struct businesses, V-Struct and V-Struct Projects No. 1.
That had resulted in 46 employees being made redundant.
“The…
