Metricon: Construction giant tells dozens of staff they will be fired at Microsoft Teams
Construction giant informs staff GRADUATES that they will be fired via Microsoft Teams – as building company confirms major ‘restructuring’
- Metricon announces it will reduce NSW sales staff to 18 employees
- Redundancy and transfer payments are not offered to 15 trainee staff
- In a statement read to staff, Metricon said his decision was not made ‘lightly’.
Building giant Metricon has laid off dozens of its sales staff via online video chat as the company confirmed it was under restructuring and would be giving up jobs.
In a Microsoft Teams video chat on Monday, Metricon told its staff it would cut its NSW sales team, which has roughly 60 employees, to 18 and would release 15 trainee sales consultants.
Staff who cannot be rehired are offered redundancy payments while trainee staff are laid off without an offer of employment elsewhere in the company or severance pay.
In a Microsoft Teams video call, Metricon announced it would cut its NSW sales team, which has roughly 60 employees, to 18 and would lay off 15 trainee sales consultants.
Metricon NSW state sales manager David Shorten reportedly read out a statement to staff explaining that the decision was ‘not taken lightly’ but was made for the company’s short and long term goals.
“To better accommodate and reflect today’s market requirements and ensure the most appropriate deployment of resources, we have undertaken an important review of the sales team,” Mr Shorten read, according to news.com.au.
“This is necessary to ensure we remain competitive in both the short and long term. The review was not carried out lightly and has resulted in proposed changes to the current team structure.
‘We understand that you may be feeling anxious at this time and that you may have a number of questions. Under the proposed structure, the number of new home advisers will be reduced to 18.’
Employees have until 12 noon on Wednesdays to offer their ‘thoughts, insights or feedback’ on the restructuring while laid-off employees will be notified at the end of the week.
The construction giant said it would select the ‘most skilled individuals’ for the limited roles remaining at the company.
Those who refuse the opportunity to remain with the company may not be entitled to redundancy payments.
Statement letter (photo) read to employees explaining company staff restructuring
That comes as construction companies in Australia are unable to fulfill fixed price contracts as they face increasing financial challenges caused by supply chain problems, labor shortages and soaring raw material costs.
“With the current industry barriers, particularly labor costs due to competition for skills, combined with the current rising global material costs and with our very strong line of work,” Metricon CEO Peter Langfelder said in a statement provided to Daily Mail Australia. .
‘We need to carefully balance the new development pipeline with the construction side of the business.
‘We are working to restructure our business front-end given the current climate and the need to move forward efficiently.
‘We are committed to taking care of any of our people who may be affected by these proposed changes, and they will continue to have ongoing access to company support and mental health services.’
Metricon’s financial stability came under intense scrutiny earlier this year before its lender, Commonwealth Bank, agreed a rescue deal in May.
Metricon holds crisis talks amid cash flow pressures after its founder, Mario Biasin, 71, (pictured) suddenly died on May 16
Mr Langfelder said the company’s owners would also provide $30 million to help the business.
In early May, sales staff were reportedly told to increase cash flow by securing more deposits.
Metricon is holding crisis talks amid cash flow pressures in the building industry after its founder, Mario Biasin died on May 16.
The company confirmed Biasin’s ‘sudden and unexpected’ death and added that the 71-year-old man had been ‘experiencing mental health issues’.
Last month, Metricon listed at least 56 display properties worth nearly $65 million for sale despite reports the company was struggling financially.
Sales including homes in Victoria, New South Wales, South Australia and Queensland ranged from $650,000 to $3.2 million.
Daily Mail Australia has contacted Metricon for comment.
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