MARKETS

CFMEU may be sued for $11M

GROCON and the Victorian government are expected to sue the Construction, Forestry, Mining and En...

Marion Lopez
CFMEU may be sued for $11M

According to the Herald Sun, Grocon chief Daniel Grollo said the CFMEU dispute had cost his company $7 million, while taxpayers had footed a $4 million bill for policing the industrial war.

Grollo said all legal action would continue despite the union's decision to end the blockades at five sites across Australia.

"We are committed to getting the loss and the cost that we have suffered over the last 16 days back," he said.

Victorian Premier Ted Baillieu also voiced his anger saying he would not tolerate the CFMEU's illegal action.

"They've trashed the furniture, and it's now time they paid the bill," he reportedly said.

In the event of a win from Grocon and the Victorian government, the CFMEU would have to pay those claims for damages on top of any fines the Supreme Court might impose on the union for disregarding court orders to end the blockades.

However, Fair Work Australia documents revealed the union wouldn’t have too much trouble finding the funds as it allegedly possesses $54 million in assets, including $6 million in cash.

CFMEU state secretary Bill Oliver is aware of Grollo’s wish to launch a legal claim against the union, but said to the Weekend Australian it would take years before those damage claims go through the courts.

He reportedly added though that the union would be holding more "peaceful protests" if a permanent agreement with Grocon could not be made.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets