Rescue could cut 3,000 jobs at Group Five
Construction sector collapse puts several firms in deep trouble
Construction company Group Five's workforce would probably be halved to 3,000 in its bid to survive, the company's business rescue team said this week.
SA's construction sector is a shadow of what it was a decade ago as economic growth has disappointed and the state's purse has become more constrained. Group Five is one of several construction companies that has entered business rescue this year.