Hundreds of workers have lost their jobs and major construction projects have been left in limbo after WA road construction contractor Advanced Traffic Management was forced into liquidation. Key points: Workers were sacked and notified of the liquidation by text message The CFMEU has slammed the treatment of workers in the traffic control sector Main Roads says it doesn’t expect…
Caleb RuncimanThe West Australian More than 400 people have been sacked via text message after a traffic control company went into liquidation. Road construction contractor Advanced Traffic Management which offers services in Perth, Kalgoorlie, Albany, Northam, Bunbury, Kalgoorlie and Kwinana went into liquidation on Tuesday following an order in the Federal Court. Premium Subscribers with…
West Australian road construction contractor Advanced Traffic Management has been forced into liquidation, bringing several major projects to a standstill and leaving more than 400 employees in limbo. David Hodgson and Andrew Hewitt of Grant Thornton were appointed liquidators on Tuesday after the Federal Court ordered the company be wound up, ending a four-month Federal…
All 14 employees at a plumbing company have lost their jobs on the spot just weeks before the firm appointed liquidators. News.com.au can reveal that JL Plumbing & Drainage (VIC) Pty Ltd went under last Friday. Liam Bellamy of insolvency firm RRI Advisory was appointed as the liquidator. The business, based in Victorias Mornington Peninsula,…
Customers of Auckland-headquartered crypto exchange have been denied access to their funds. News Join us on social networks Customers of Auckland, New Zealand-headquartered crypto exchange Dasset have been denied access to their funds, and the companys representative has revealed the beginning of its liquidation. On Aug.14, local media outlet The Herald reported on the exchanges troubles.…
A Victorian residential builder has reassured it will complete its customers’ homes after it “had no choice” but to enter voluntary administration. The Harmac Group, which is the parent company of Harmac Homes, Harmac Constructions, Harmac Urban Living and Ridge Homes, yesterday appointed Shaun Matthews and Barry Wight from Cor Cordis to restructure the business.…
Another home builder has announced it is entering into voluntary administration to restructure the company. Theyve not collapsed their intention is to work closely with the administrators to get their current customers homes built, Jacqui Felgate said. Press PLAY to get the latest on the home builder Harmac Homes says it has not entered liquidation and…
Victorian builder Harmac Group has gone into voluntary administration. Another Australian building company is in trouble, with Victorian-based builders Harmac Group calling in administrators. The firm on Wednesday confirmed they have gone into voluntary administration, but deny theyve collapsed, insisting theyll work with administrators Cor Cordis in order to complete current contracts. The administrators will…
Construction company Harmac Group goes into voluntary administration: Building firm undergoes massive restructure Victorian-based company made ‘difficult decision’ Insists it hasn’t collapsed and plans to restructure Are you affected? Email [email protected] By Kylie Stevens For Daily Mail Australia Updated: 10:40 AEST, 23 August 2023
A tradie left hundreds of thousands of dollars out of pocket from a building firm going bust is calling for greater protections for subcontractors to spare him more financial pain. For Tasmanian electrician Kyle Skipworth, at any given moment, he is usually owed around $500,000 in unpaid debts from several builders. But as building companies…