Century-old builder Clough Group collapses
Engineering and construction giant Clough Group has collapsed, jeopardising more than 1,200 jobs, stalling billion-dollar projects around the country and throwing the building sector into further disarray.
Clough's collapse has implications for many major projects, including phase two of the Stephenson Avenue extension project in Perth. (Image source: Clough Group)
One of Australia’s oldest building companies has collapsed, with the Clough Group falling into voluntary administration after a takeover deal fell apart.
The 102-year-old building and engineering company, which is building the Australian Government-backed Snowy Hydro 2.0 energy project, was set to be acquired by Italian construction group Webuild.
The latest blow to the building industry puts the jobs of more than 1,200 Australians in jeopardy.…
