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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’. By Antoinette Milienos For The Australian Daily Surat Published: 03:37 EDT, August 2, 2022 | Updated: 03:38 EDT, 2 August 2022 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 wit

No wonder building companies are all broke: Stunning figures show how construction costs are doubling the rate of inflation National home construction costs jump 10 percent in the year to June 2022 This is almost double the 5.1 percent inflation rate – the highest in two decades Cordell Construction Cost Index shows biggest jump since GST 2000 debut Timber and metal prices soar as companies grapple with labor shortages By Stephen Johnson, Economic Reporter for Daily Mail Australia Published: 11:36pm EDT, 11th July 2022 | Updated: 03:03 EDT, 12 July 2022 Home construction costs have soared at twice the rate of inflation as a series of building companies went bankrupt. Residential building costs jumped 10 percent in the year to June 2022 as the cost of wood and metal skyrocketed, the Cordell Construction Cost Index showed. This is nearly double the 5.1 percent inflation rate, which was the fastest pace since 2001. In New