Daft Property - Irish Property News

Another 50,000 building jobs set to go next year... Another 52,000 construction and related jobs are expected to be lost next year, according to an unpublished report. The cost of the job losses will add an additional €1 billion to exchequer spending in unemployment payments, benefits and training, according to a report prepared for the environment department. The report, by DMK Economic Consultants, predicts that the numbers employed both directly and indirectly in construction would reach a floor of 126,000 by the end of next year. At one time, there were 380,000 people employed in construction and related jobs. Up to the end of June this year, there were 127,000 people working in construction and a further 58,000 employed in construction-related work such as civil engineering, architecture, legal conveyancing and specific manufacturing for the sector. This does not include an estimated 8,000 apprentices doing training. The report estimates that as may as 7,700 apprentices and traine