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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

After nearly 30 years in business, Barb Moffat is considering closing the doors of his beloved bakery, as customers have stopped coming. “We have no, or almost no customers because they can’t park,” Moffat said. As COVID-19 restrictions ease in 2021, the main road in the central Queensland town of Gracemere returns to its normally busy highway. But in September, business owners said people had stopped shopping there because it was too difficult to park due to roadworks. “This is embarrassing… It’s just a nightmare,” said Moffat. “Parents can’t come, mostly every day there will be accidents. “We’ve suffered and suffered and I’m not the only one; FoodWorks, butchers, doctors, real estate … when will it stop?” Construction is ongoing to improve the Gracemere main road. ( ABC Capricornia: Rachel McGhee ) Construction is underway to upgrade Lawrie Road from two to four lanes, which is designed to reduce congestion and meet current and future traffic growth in Gracemere. The $44 million pro

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

Costs to build homes have risen by more than $94,000 in the past 15 months amid warnings half of Australian construction firms could be forced to close. The Australian Bureau of Statistics revealed in its latest building approvals data that the median price for building a new home was $413,436 in May. This marks a $94,177 increase in the cost to build a new home more than a year ago when prices averaged just $319,259 in February 2021. Homeowners typically sign a fixed price contract with their building company the day the project starts – which protects the signer but can sometimes leave the trade in trouble. Soaring material costs, the Covid pandemic, rising inflation and war in Ukraine have fueled global supply shortages and forced prices to skyrocket, sending many companies into chaos. Paul Viney, president of the Victorian Association of Consulting Architects, said builders had raised prices to protect themselves. ‘Builders are afraid of making losses [so] they build significant co