CFMEU settles Grocon Myer Emporium construction dispute with $3.55 million payout

CFMEU settles Grocon Myer Emporium construction dispute with $3.55 million payout
CFMEU settles Grocon Myer Emporium construction dispute with $3.55 million payout

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

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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