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