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One of the country’s most prominent builders will lose nearly a tenth of its workforce, due to growing concerns about Australia’s construction industry. Key points: Metricon has told its workforce it is “restructuring” More than 200 jobs will be started Concerns continue about Australia’s construction industry Metricon was forced to defend itself against rumors of bankruptcy just a few months ago. The company has now notified its roughly 2,500 workforce that it is restructuring. This move will impact 9 percent of its workforce. It worked for more than 200 jobs. Most of the roles that will be taken are not in the building or construction itself, but in front of homework such as sales and marketing. In a statement, Metricon’s acting chief executive Peter Langfelder said the company was contracted to build 6,000 homes. “We are working to restructure our business front end given the current climate and the need to move forward more efficiently,” he said. Australia’s commercial and resident

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

Sydney’s picturesque seaside manor owned by F45 co-founder Adam Gilchrist will be hammered after the Australian fitness giant’s stunning fall. Gilchrist (not a cricketer), who stepped down as chief executive of F45 last week amid plummeting shares and company-wide layoffs, is selling his “waterfront trophy house” at Freshwater on Sydney’s north coast. The house, 52 Ocean View Rd, rose to prominence in 2018 when Gilchrist and his wife Eli purchased the property for $14 million due to a minor dispute with neighbors. Camera Icon F45 co-founder Adam Gilchrist is selling his beautiful home on Sydney’s north coast. Clarke & Humel Credit: provided The couple had purchased a three-bedroom cottage at 50 Ocean View Rd for $5.4 million in 2017 and plan to spend $2.5 million developing the property. But neighbors complained that it didn’t match the building’s height or control limits, which led Gilchrist to take the extraordinary step of withdrawing his proposal and settling the issue by

What was once a river of money has turned into a trickle as the Evergrande-triggered property crisis has spooked buyers, with a mortgage uprising – sparked in June by buyers of the unfinished Evergrande project – exacerbating already crushing pressure on developers. Mortgages refused to service bank loans they took to buy their apartments and the protest movement that began with the Evergrande development has now spread to about 320 projects across China and led to central authorities setting up $64 billion to help developers complete their unfinished projects. However, if Xi Jinping wants a smooth path to an unprecedented extension of the Communist Party’s leadership for a third term, Beijing may have to engage more directly and aggressively in the crisis. Credit: AP Worryingly for Chinese authorities and banks, unpaid suppliers for the Evergrande project are also starting their own payment strikes which, if they spread as lenders’ actions have spread, would amplify the financial and

Artist’s interpretation of a new species of European panda. (Image credit: © Velizar Simeonovski, Chicago) (opens in a new tab) A pair of fossilized teeth in the museum’s collection was recently revealed when pandas last roamed Europe. When the researchers examined the teeth, which had been in storage for about 40 years, they found that the fossils belonged to an ancient European panda species that had never been seen before. The newly discovered species, which is a close relative of the modern giant panda, roamed the continent about 6 million years ago and was likely the last panda in Europe. The teeth – the upper canines and upper molars – were originally excavated in the late 1970s from a site in northwestern Bulgaria, but were eventually housed in the Bulgarian National Museum of Natural History in Sofia. The teeth were never properly cataloged, and as a result they were left untouched for decades. But when museum staff recently discovered an unusual tooth, they decided to i

In space nothing can keep it clean, with the total mass of all objects in orbit said to be equivalent to about 9,900 tons. To combat this, Chinese scientists have developed large sails, which they say can be used to change the orbits of dead rockets and satellites so that they burn up in Earth’s atmosphere and don’t become space junk. The 269 sq ft (25 sq m) ‘de-orbiting sail’ works by slowly slowing its malfunctioning payload until it is moved out of orbit. The debris would then burn up in Earth’s atmosphere within a few years – a process that could take more than a hundred years. The display has been developed and successfully tested by Institute 805 of the Shanghai Academy of Spacecraft Technology (SAST) in China, according to the English-language China Global Times newspaper. The news comes after the British Government announced last month that it wanted to start tackling the millions of debris in Earth orbit. This includes organizing commercial satellite launches, rewarding compan