The toy industry has been around for decades and its origins can be traced back to the 1950s when the company was founded by a pair of British entrepreneurs.
Today the construction industry is worth $16 billion and there are tens of thousands of construction jobs in Australia, including those in Sydney, Melbourne and Brisbane.
However, it’s still a small industry and some of the bigger firms such as AECOM and GKN are struggling to make ends meet.
This year, the ABC has spoken to construction industry experts about the challenges they face as they grapple with the pressures of a booming construction industry.
ABC reporter Jonathon Kynaston is on the story.
Toys for sale in Melbourne, 2018: “We are going through a boom period,” says Mark Molyneux, the chief executive of Construction Industry Australia.
“It’s a good thing that the industry has not peaked yet and we are all in this together, not just the small guys.
But I’m worried about the way in which we are going to get through this.
If we don’t do anything, the economy is going to be hit hard.
It’s not going to improve.
We have to be careful.
What’s the alternative?”
Mr Molyineux is also a former builder and is also involved in the Construction Industry Council.
He says the industry is in an untenable position.
“[The Government] has not been listening to the construction community and is making a lot of promises, but I think they’re not actually doing anything.
You can get a job out there and make a lot more money doing it, but you’re not going into the industry as a job creator.
There’s no jobs, the people don’t want to do the work, it doesn’t feel like a real job.
And if the economy does get worse, what are you going to do?”
Mr Molyanux is part of the Construction Industrial Council which represents about 3,000 of Australia’s construction industry workers, many of whom are now unemployed.
The group says there are no jobs for young people in the construction sector.
They have a very high turnover rate.
Its a huge challenge and we have to find ways to manage it, he says.
For example, in Brisbane there’s a shortage of crane operators.
I think that’s a big issue, the number of jobs that need to be created in this industry, he said.
Mr Kynastonson says he’s seeing construction companies taking advantage of the booming construction sector to undercut their competitors and lure workers away.
“They will do whatever they can to make sure they get their employees,” he said, referring to the recruitment companies.
Construction industry workers in Brisbane, 2018 “I think it’s time that we start doing something about the construction workforce.
When you have so many people who are on zero hours contracts, and you’re paying them less and less, I think it should be a priority for governments to do something about that.”
Mr Dolan is also concerned about the sector’s future.
Australia’s construction sector is a huge business, he predicts, and will continue to grow.
At the end of the day, he believes the industry needs to get its act together.