West Australian buildingcompany Jaxon Construction is entering liquidation, with operations within the group ceasing.
Key points:
- The liquidator says it’s assessing six entities in the group
- The union says builders are taking contracts with too low margins
- It follows the recent collapse of another major builder Pindan
The move affectsfour sites in Western Australia.
Alarm bells were raised earlier this month when it was revealed subcontractors at the University of Western Australia’s (UWA) Forrest Hall had notbeen paid.
The Construction, Forestry, Maritime, Mining and Energy Union’s (CFMEU)state secretary Mick Buchan said Jaxon’s liquidation was nota surprise.
“It’s very disappointing,” he said.
“It’s the developers that are getting away w…
Read the full article at: https://www.abc.net.au/news/2021-08-27/jaxon-construction-enters-liquidation-ey-assessing-finances/100413428
