Akron collapse stings ACT businesses
Akron, a national civil construction company, which has entered voluntary administration, held its first creditors’ meeting in Melbourne yesterday. The news was not good for ACT small businesses and their workers caught up in this corporate collapse. The company is $35million in debt and a decision will be made in a month’s time about whether the company will cease trading.
The administrators informed the meeting that Akron ran into problems when it expanded into the ACT because it massively under-costed its work in Bonner and Crace.
Akron leaves workers in the lurch
Akron, a national civil construction company, which fell behind in payment late last year, has entered voluntary administration. This places hundreds of thousands of dollars in workers entitlements in jeopardy, but it could have been so much worse.
When problems began to emerge the CFMEU, with the support from the Land and Development Agency, ensured that most outstanding contracts were paid prior to Christmas. However, many Canberra businesses face a nervous wait to find out if they will receive payments that are due to them.
Dean Hall elected as new CFMEU Secretary
Dean Hall was elected as the Secretary by the CFMEU Committee of Management on Wednesday January 27.
Dean has been a member of the CFMEU for 12 years, serving as Assistant Secretary for the previous two. Before being elected as the Assistant Secretary, Dean worked as a OH&S construction worker and as a school teacher. He holds a Bachelor of Social Work. Dean was born in Yass and is married to Melissa, and has two young children.
Contact CFMEU act
2 Badham Street
Dickson ACT 2602
Phone: 02 6267 1599
Fax: 02 6249 1247
Secretary
Dean Hall
