predicted 45,000 job losses this year
CITB-ConstructionSkills has predicted 45,000 jobs will be lost across the industry this year as output falls by 3%
The predictions comes from a five year forecast that also showed a 4% increase in output expected in 2013, followed by dips to 2% in 2014, 3% in 2015 and 2% in 2016.
Manual trades will be hit the hardest as the make-up of the industry changes while demand for construction managers will be greatest.
Deputy Chairman of CITB-ConstructionSkills Judy Lowe said, “Infrastructure investment, the first nuclear power plants and the revival of private housing will help, but the hard fact remains that despite an increase in growth from 2013 onwards, output and employment levels in construction will not have reached their 2007-8 levels by the end of the forecast in 2016.”
She added, “The report shows that public housing is set to fall by 25% this year, public sector non-housing by 24% and a further 10% fall is expected next year in both sectors. That’s a big deficit for other sectors of the construction economy to make up.”
In terms of region, London and the south east looks positive, accounting for 60% of employment growth. The northwest and west midlands are forecast to show a period of decline.