Another Aussie builder goes under

Another Aussie builder goes under

Another Australian constructing firm is in hassle, with Victorian-based builders Harmac Group calling in directors.

The agency on Wednesday confirmed they’ve gone into voluntary administration, however deny they’ve collapsed, insisting they’ll work with directors Cor Cordis so as to full present contracts.

The directors will look at subsidiaries below the Harmac umbrella, together with; Harmac Homes; Harmac Constructions; Harmac Urban Living; and Ridge Homes.

It’s understood 23 employees have been let go, whereas an extra 16 positions have been retained.

More to come back.

Source: www.perthnow.com.au