SA Structural, one of Australia’s biggest structural steel manufacturers, has fallen into administration, according to The Advertiser.
The collapse of the Greek Australian-owned business has triggered fears hundreds of people in Adelaide’s north will lose their job. It has also left several major projects in limbo, including the South Australian Government’s $715m Gawler train line electrification project.
It is understood close to 200 employees are affected by the company’s collapse, while amounts owed to creditors are yet to be revealed.
SA Structural was established by Adelaide businessman Michael Mangos in 2003, providing structural steel for mining projects, infrastructure works, shopping centres, schools and hotels.
FULL STORY: The Advertiser.
