More building companies to 'topple over', as display home giant Metricon sheds staff to survive

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One of the nation's most prominent home builders is set to shed almost a tenth of its workforce, as concerns continue about Australia's construction industry.

At the same time, the industry has been grappling with soaring inflation or price hikes on a range of crucial materials, including timber, flooring and even toilets.

BIS Oxford Economics senior economist Maree Kilroy told ABC News that Metricon's restructure was expected in the current climate."And we expect the build costs to remain elevated for another 12 months. "This is on top of a higher assumed dropout rate for projects, with a significantly greater share of approved dwelling not making their way to completion.

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AirbusAlbo is in a race with Brandon to see who can root an economy fastest.

Poor them, they had such a tough time in the past 15 years...

The RBA's latest interest rate rise will guarantee these failures. No concept of what a business (and individual's) need to survive

What did they do with all their jobkeeper handouts and the money for building house renovations and additions

A company is only as good as its management

And yet - Albanese banging on about an Indigenous voice to parliament 🙄 he needs to check his priorities because that isn’t even in the top 10

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Source: GuardianAus - 🏆 1. / 98 Read more »