Harmac Group Victoria: Aussie builder collapses, calls in administrators

August 23, 2023 Viral10 News 0

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Another Australian building company is in trouble, with Victorian-based builders Harmac Group calling in administrators.

The firm on Wednesday confirmed they have gone into voluntary administration, but deny they’ve collapsed, insisting they’ll work with administrators Cor Cordis in order to complete current contracts.

The administrators will examine subsidiaries under the Harmac umbrella, including; Harmac Homes; Harmac Constructions; Harmac Urban Living; and Ridge Homes.

It’s understood 23 staff have been let go, while a further 16 positions have been retained.

More to come.

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