Keyword Analysis & Research: Grocon

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What's going on with Grocon?

The boss of one of Australia's most well-known construction companies, Grocon, has apologised to creditors left in the lurch, as administrators grapple with the company's complex partial collapse. Key points: Grocon's boss fronted the company's first creditors meeting and apologised Not all of Grocon is being put into administration

Who is Grocon Construction?

Creating amazing and enduring real estate. Grocon people live the values of safety, sustainability, community and innovation on every site, everyday. Grocon construction works throughout the Eastern seaboard of Australia. At Grocon we’ve been developing major CBD office and residential projects since 1982.

Who are Grocon's creditors?

Other creditors according to that report include the Australian Tax Office ($15m), insurance companies ($2.4m), Telstra ($321k) all the way down to a $99 debt to a company employee. But the vast bulk of the money is owed to other Grocon companies.

What is Grocon's sentencing?

In sentencing, Magistrate Charlie Rozencwajg said there was an extremely large number of people put at risk of serious injury or death. He said the incident represented a significant failure of the company's duty, but acknowledged Grocon had since acted in the manner expected of a good corporate citizen. ^ Carlyon, Peta (13 November 2014).


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