Subcontractors of Metricon Homes are baffled by rumours of cash troubles at the company, saying they have all been paid and are happy to keep working with the national builder.
Kathleen Skene Follow 3 min readMay 20, 2022 - 11:12AM Gold Coast Bulletin
Business
Don't miss out on the headlines from Business. Followed categories will be added to My News.Follow
Subcontractors have taken the unusual step of defending a major builder, backing Metricon Homes in the face of insolvency rumours.
Australia’s largest low-rise builder has categorically denied it is facing collapse, as staff mourn the sudden death of the company’s founder and CEO.
Mario Biasin died unexpectedly on Monday, after suffering mental health issues.
John Goddard, of advocacy group Subbies United, is used to going after big builders at the mere suggestion it could leave his members in the lurch.
But in this case, he said, it would be “a self full-filling prophecy caused mainly by bad publicity” if Metricon did go into administration.
Leave a Reply
You must be logged in to post a comment.