CFMEU settles Grocon Myer Emporium construction dispute with $3.55 million payout
Jonathan ChancellorDecember 7, 2020
The Construction Forestry, Mining and Energy Union will pay $3.55 million to Grocon to settle the legal proceedings arising from its bitter Myer Emporium dispute, in what The Australian Financial Review suggested was a significant financial setback for the union's militant Victorian branch.
The $3.55 million is about one-third of the $10.5 million in damages initially claimed by Grocon.
Grocon confirmed to The AFR on Sunday that it had "achieved a commercial settlement' with the CFMEU's Victorian branch following the union's unlawful blockade of the Emporium project in August 2012.
The CFMEU was previously been fined $1.25 million over its conduct during the Myer Emporium dispute.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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Construction