| In 2006 it was estimated that 7% of the
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| | Barrett Developments being hit, so are
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| UK's workforce were present in the
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| | mid-level companies and smaller
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| construction industry. 2.2 million
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| | companies. In fact the mid-range and
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| Construction Jobs were provided by the
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| | small organizations are in much more risk
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| sector in the same year and this figure
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| | of folding entirely.
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| was believed to be increasing to 2.8
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| | Also like the swinging ball executive toy
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| million by the year 2011. What's more the
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| | the cuts in house building are affecting
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| construction industry was a major
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| | all the other jobs within the
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| employer of graduates, with a third of
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| | construction industry. Managerial staff,
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| new positions being offered to university
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| | and desk-based staff are being affected
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| leavers. Unfortunately these figures were
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| | along with builders and other
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| estimated during a time of financial
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| | ground-level workers.
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| stability and a rising market. Now with
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| | Similar trends are being seen in the USA
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| the credit crunch the construction
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| | and practically all countries around the
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| industry is being threatened just as
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| | world. One of the worst hit is Ireland
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| much, if not more, than other market
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| | and the situation there could be seen as
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| sectors.
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| | a precursor of what is going to happen in
|
| Construction jobs cover a vast area of
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| | the UK. It is now being commonly agreed
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| the job market including such diverse
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| | that a recession is approaching, although
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| building services as: infrastructure
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| | the severity of this recession is being
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| repair and maintenance; public and
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| | hotly debated. Within the construction
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| private house building; and the building
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| | sector the length of this recession is
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| of factories, hospitals and schools. All
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| | being estimated at one to three years
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| of these areas are threatened. Perhaps
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| | depending on which expert you ask.
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| the worse hit is the residential house
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| | So as you can see the job losses in the
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| building market as falling house prices
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| | house building market have had far
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| are meaning that people are pulling out
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| | reaching effects on the construction
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| of property buying altogether.
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| | industry as a whole. Not only are there
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| At the beginning of July 2008 The Times
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| | construction job cuts left, right and
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| Online told how Barrett Developments, one
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| | centre at a ground roots level but these
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| of the UK's lead construction companies,
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| | are affecting jobs at all levels within
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| made around 1000 redundant in just one
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| | the sector. Added to this companies are
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| day. Over two days the redundancy figure
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| | moving, or selling regional offices
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| hit a staggering 2500 people. As well as
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| | completely, meaning still more job cuts.
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| all of these job cuts the company's
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| | What's more the rocky period is believe
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| shares have also dropped by 97% since a
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| | to have just begun and to be lasting for
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| peak in February 2007. Regional offices
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| | at least another year meaning that we
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| are being merged or closed entirely.
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| | have a long way to go yet.
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| Similar trends are being echoed
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| | At a time like this a construction
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| throughout the market sector.
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| | recruitment specialist can really help
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| All of these factors add up to an
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| | you find the best, most secure openings
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| unprecedented drop in the sector as
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| | and advise you on how best to pursue your
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| mortgages become more difficult to secure
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| | career move within the current economic
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| and as the economy weakens generally. Not
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| | climate.
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| only are the larger companies, such as
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|
