Email after Metricon collapse fears

An email sent to Metricon customers yesterday reveals how scared Australians have been by rumors of the construction giant collapsing.

Metricon hastily dispatched customers on Thursday in a desperate attempt to allay fears that another construction meltdown is looming.

For days now, concern has been growing that Australia’s biggest carmaker has been on the brink of ruin as claims the company is facing serious financial problems have emerged.

Acting CEO Peter Langfelder yesterday dismissed the allegations, saying all was ‘business as usual’ at a press conference at a construction site, although he admitted the company was experiencing problems. project delays.

“Our business has been very strong for 45 years and will continue to be so for a very long time,” Langfelder told reporters, following the sudden death of founder Mario Biasin on Monday.

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“The reality is we are strong, we are paying everyone on time, no one has been late with payments and if anyone can show up.”

Metricon representatives also met with the Victorian government on Thursday for crisis talks on the growing problems plaguing the sector, including soaring costs of key materials such as timber and steel.

Gold Coast-based Condev and industry giant Probuild have already gone into liquidation in recent months, while smaller operators like Hotondo Homes Hobart and Perth, Home Innovation Builders and New Sensation Homes, as well and Sydney-based Next have also failed, leaving homeowners out of pocket and with homes unfinished.

But an email sent to Metricon customers on Thursday afternoon after Mr Langfelder’s press conference reveals how scared Australians are, following a series of high-profile building collapses.

“Unfounded Rumors”

The email started “baseless rumours”. Metricon was in trouble, instead insisting that “business was business as usual”.

“Hello, we wanted to contact you following media speculation about the future of our business,” the email begins.

“Today we reaffirmed our long-term viability, following the sudden passing of co-founder and CEO Mario Biason on Monday via a press release.

“Our displays remain open for business as usual and our new Home Advisors are ready to help you start your new homebuilding journey.

“Our interim CEO, Peter Langfelder, spoke to the media this afternoon, in an effort to put an end to baseless rumours.”

The email included quotes from interim CEO Mr. Langfelder, who said Metricon was a “long-term, viable business with a strong track record.”

“All of our contracts are profitable and we are up to date with all of our payments: to contractors, suppliers, employees and merchants,” Langfelder said.

The email was then signed with the statement that “business as usual and our team are ready to help”.

However, when the email was later shared on social media, it drew a slew of angry, laughing emojis, indicating many Australians are still not convinced the company was clear.

They include NSW couple Jessica Snowdon and her husband Steve, who told news.com.au they were terrified of Metricon’s situation after they paid $31,500 in an initial deposit to the company just a short time ago. four weeks.

“We were just freaking out [when we saw the news]What’s going to happen?” Ms Snowdon told news.com.au.

“It’s scary because we don’t know if we should pull out or not, if we pull out we always lose our money.”

Founded in 1976, Metricon is the biggest player in the industry, employing 2,500 Australians with 4,000 projects underway, which is why speculation about the giant’s collapse has caused panic across the country.

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