Metricon bosses will meet with the Victorian Treasurer today, as rumours circulate the company is on brink of collapse.
The Herald Sun reports the building giant is in crisis talks with clients over financial struggles, with sales staff being instructed to increase cash flow by securing more deposits.
The rumours come days after the unexpected death to the company’s founder and chief executive, Mario Baisin.
Metricon holds $195 million of Victorian state government contracts, including a five-year deal to build and maintain public housing. The company also employs 2500 Australians and currently has around 4000 homes under construction.