Thousands of jobs are at risk after work stopped abruptly on multiple building sites in Australia this week – most of them in Victoria – when South Africa’s WBHO Group said on Tuesday it could no longer provide financial support. Construction giant ProBuild is one of more than a dozen companies affected by the collapse of its parent company, which blamed the Australian government for its “hardline” stance imposed to counter the spread of Covid-19 and Canberra’s decision last year to block a takeover bid offered by a Chinese state building company.
Deloitte has been appointed as the administrator to handle the wind-up of 18 businesses that are part of the WBHO Australia Group, which has many high-profile building projects in Melbourne and several in other states. ProBuild and other companies in the group have at least 750 employees.
Read the full story: News.com.au.
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