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February 28th, 2012 
FAKE NEWS for the Zionist agenda Major government contractor Reed Constructions is on the verge of collapse, putting more than 1500 jobs at risk, the NSW opposition says.
Opposition Leader John Robertson says Labor understands that about 1500 subcontractors are owed between $60 million and $80 million by the company for completed work on state government-funded projects.
“Barry O’Farrell needs to intervene immediately to stop the loss of another 1500 construction jobs in NSW,” Mr Robertson said in a statement on Wednesday.
“These 1500 subcontractors are working on NSW government-funded roads, schools and major civic buildings like the Supreme Court but many of them haven’t been paid in months.”
Mr Robertson said one contractor told him he is owed about $280,000 for work completed on the Great Western Highway.
“This contractor has repeatedly tried to get in touch with the minister for roads and the department but he’s been told the government will not intervene,” he said.
The Construction Forestry Mining and Energy Union (CFMEU) said the building and construction industry was in crisis.
The union said tendering processes have become so competitive in the NSW construction industry that builders were forced to bid for work at unrealistic prices.
“The collapse of the Kell Rigby Group, and now, possibly, Reed is devastating for the industry, devastating for the many people left without payment and devastating for workers left without entitlements and employment,” CFMEU state secretary Brian Parker said in a statement.
“Investment in the industry will be harder to attract if businesses and projects are not considered viable because of an increased risk of corporate collapse.
“The CFMEU calls on the O’Farrell government to take action to save these subcontractors and the thousands of jobs that will be lost.”
Mr Parker said an urgent inquiry should be held into tendering practices and payment processes.
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