Builders say they will shed more jobs

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The Independent Online
THERE will be no let-up in job losses in the construction industry in 1994, according to a survey by Building magazine and Gallup, writes Heather Connon. The survey found that almost 40 per cent of construction companies intend to shed staff this year.

Building materials companies, where eight out of 10 predict redundancies, are likely to be worst- affected. And two-thirds of materials companies will freeze salaries for those who keep their jobs.

The job cuts reflect the gloomy view of prospects among chief executives in the industry. While 70 per cent think business may get a liitle better this year, 60 per cent expect no meaningful recovery until 1994 - with 24 per cent expecting it to be delayed until the second half of next year.

Construction companies have been shedding jobs throughout the recession, with many cutting up to a fifth of their workforce.

Most of the chief executives surveyed - drawn from contractors, housebuilders, materials producers and consultancies - believed the Government could be doing more.