The construction company that worked on the $103 million refurbishment of department store David Jones store in Melbourne has collapsed.
About 30 workers will lose their jobs as the Walton Construction Group is wound up.
The two companies in the Melbourne-based group have been placed in administration as a result of the downturn in the construction industry and some poor results on projects in NSW.
In the past six months, the group has been able to transfer most of its projects to competitors, which has secured work for more than 80 staff, plus contractors.
“Unfortunately, about 30 employees will be without work and a small number of projects will be handled by the administrators,” Walton founder and managing director Craig Walton said.
“The wages and superannuation of the employees are up to date and they should receive other termination entitlements.”
At its peak, Walton Construction had 340 employees and turned over $360 million a year.
Key projects included the $103 million refurbishment of the David Jones department store in Melbourne.