Construction company Harmac Group goes into voluntary administration: Building firm undergoes massive restructure
Another Aussie construction company has gone into voluntary administration in desperate bid to restructure and survive, despite citing ‘ dire economic conditions’.
Harmac Group insists the company hasn’t collapsed and plan to work closely with the administrators to get their current customer’s homes built.
Subsidiaries – Harmac Homes, Harmac Constructions, Harmac Urban Living and Ridge Homes – will be subjected to the administration.
More to come