A major construction group has entered voluntarily administration with over 650 jobs now at risk. Kwikform, the Australian arm of Waco International, is one of the largest scaffolding and formwork providers in Australia.
Around 10 companies linked to Kwikform went into voluntary administration on Monday and Tuesday. The Sydney-based group traded as Waco Kwikform, Star Scaffolds and United Scaffolding Group and operates from 23 locations in Australia and New Zealand. Announcing the decision this week, management said they were forced by wider market conditions.
Administrators from McGrathNicol have been hired to manage the process, with the companies continuing to trade while options are explored. Damien Pasfield, Melissa Smith, Kare…