Another Gold Coast construction company collapses amid rising costs

  • 📰 abcnews
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 83%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The managing director of Pivotal Homes says employees and contractors have been paid in full, but that operations are unviable due to a set of circumstances he has never seen in the industry.

Gold Coast construction company Pivotal Homes, which has built more than 1,500 homes during its 15 years of operation, has been placed into liquidation.Its director says rising costs have made operations unviable"Unfortunately, the rising costs which are impacting many in the industry throughout Australia have made our operations unviable," managing director Michael Irwin said on Thursday afternoon.

"We are absolutely devastated for our 16 Pivotal Homes employees and assure all creditors, contractors and subcontractors have been paid in full."

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Dodgy and dodgy bros let us screw it up for you

It's not rising costs that are the issue, it's the market forces that push down demand.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 5. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인