Leighton's terrible timing

Leighton is already facing significant challenges as the federal government looks to break up its cosy and mutually beneficial relationship with unions on major projects. The corruption revelations couldn't come at a worse time.

Leaving aside the rights and wrongs of what happened with Leighton in the Middle East, the controversy has come at exactly the wrong time for Leighton.

Leighton management already faced a difficult time over the next year or two on the local market because of its cartel-style agreements with the building unions.

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