The building company will meet with creditors and the Victorian government following the sudden death of its founder and CEO Mario Biasin.The founder and CEO of Australia's biggest building company Mario Biasin died suddenly.
The Victorian government, which has $195 million worth of social and affordable housing projects with Metricon, confirmed it would meet with the company today,Some of the projects have been finished, while others are under construction or waiting to start. Metricon's acting chief executive, Peter Langfelder, has insisted the company does not have solvency issues.He said it was dealing with its regular business issues more sensitively because of the sudden death of 71-year-old Blasin on Monday.battered the construction industryAustralia's recent housing boom had also driven prices of materials and labour up, he said, however the uptick in building appears over, at least for now.
Building approvals across the country collapsed in January, according to Australian Bureau of Statistics
No surprises
last 10 years CEO'S and BUSINESS have been only about getting maximum profit maximum wages for CEO'S and dividends for share holders. Let's just say greed has been rife.Nobody else has had a pay rise in 10 years because of it and now the gravy train is dry karma is coming.
Labor states are banning hundreds of thousands of people from working with mandates, Labor are destroying peoples lives, the economy and crippling all industries who are screaming for staff, Australia is doomed if Labor win..
All Construction companies are struggling. Steep wage rises in the sector plus Global hyper inflation on building materials is pushing the cost to build up by 30%, yet the projected profit margin on projects signed up a year ago was around 15%. Many are operating at a loss.
9NewsMelb Dictator Dan fuked another company
Wow