Australian Economy

Jobs go as construction bust builds

David Llewellyn-Smith
Wednesday, 18 December 2019
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Via the ABC:

Four hundred people have lost their jobs a week out from Christmas after a group of building supply businesses in Melbourne’s west went bust.

The SWC Management group, which operates out of a massive newly redeveloped warehouse in Melbourne’s western suburbs, announced it was going into voluntary administration on Tuesday, with advisory firm KordaMentha taking over operations.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.