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Construction sector hit with 'epidemic' as over 40 firms fold Industry warns politicians of threat to construction jobs and public projects Ireland's construction industry is facing a solvency crisis, with warnings of a raft of liquidations and examinerships now hitting a sector that's still fragile - despite the building boom. At least 42 Irish construction companies have gone into liquidation since the...
Skills shortages have leapfrogged access to finance as the major concern of construction sector surveyors, according to a major new report. Just over eight in 10 surveyors in Ireland say the building sector is now experiencing a skills shortage, an increase of 7 percentage points in the last six months, according to the joint report from the Society of Chartered Surveyors Ireland (SCSI) and professional services firm...
400 construction jobs to be created by huge expansion of Google data centre in Dublin The work will take approximately 16 months to complete. Google is set to invest €150 million into its Dublin based data centre, which will bring the total amount invested by the company in Ireland up to €1 billion. The investment is set to create at least 400 jobs in the 16 months that it will take to complete work on the data centre; when...
IRISH CONSTRUCTION FIRM Entekra has plans to create 100 new jobs in Monaghan following a €46 million round of funding. The company designs and builds framing for residential and commercial buildings and is focused on the US market. Entekra was founded by Gerry McCaughey in Monaghan, but the firm also has a base in California, where he now lives.     The €46 million investment has been raised...
DUBLIN (Alliance News) - Ireland's construction activity expanded at a marked rate in April, driven by growth in new projects, survey data from IHS Markit showed Monday. The Ulster Bank construction Purchasing Managers' Index rose to a 3-month high of 60.7 in April from 57.5 in March. Any reading above 50 indicates expansion in the sector.     Among three monitored categories, both housing and commercial...
WHEN the economic downturn hit us so suddenly 10 years ago, the construction industry was decimated in almost one fell swoop. Building workers who had been making great money – and spending it too with gleeful abandon – were faced with bleak prospects and it was a case of either going on the dole, or emigrating if you were young and able enough to do so As a result, Ireland lost a generation of building workers, many of whom...
The Construction Industry Federation says there is an urgent need for the industry to attract more talent. It comes after a new report by the Central Bank shows that one in every two workers who lost their jobs in Ireland during the recession had previously worked in construction. However, it claims the industry has regained less than a third of all the jobs lost between 2007 and 2012. The Construction Industry Federation is...
At least 50,000 new construction jobs will be needed by 2020 if there is any chance of new housing supply meeting rising demand, employers’ body Ibec has said. However, that forecast solely relates to the Government’s ‘Rebuilding Ireland’ plan, which aims to deliver more than 26,000 new houses, per year, from public and private sources by 2020. Ibec said that regarding wider estimates — of between 30,000...
The "lost decade" in jobs is over as new figures suggest the number of people at work has hit an all-time high. Employment soared to just 12,000 short of its peak 10 years ago on the eve of the recession in the final months of last year, according to the latest official figures. Economist Dan O'Brien predicted we are now likely to be living through a new peak for jobs if growth has continued at the same pace...
ON FRIDAY,  THE Project 2040 plan made €116 billion  worth of pledges and industry groups are warning that it must be matched with adequate training if the promises are to be kept. The plan makes a commitment to providing “capital supports” for new apprenticeship courses but the scale of the work that needs to be implemented is huge. The Construction Industry Federation estimates that apprenticeships have...
Construction workers are being called back to the old country… A 2015 report, conducted by the Construction Industry Federation, showed that more than 1000 men working in construction related industries, committed suicide after the 2007 recession. It certainly makes for grim reading, however Irish construction workers who left for foreign lands in search of the streets paved with gold, are now being asked to return back to...
Over 50,000 jobs have been created in the Irish Construction Industry since the lowest point of the recession in 2013. CSO figures indicate that industry has hired approximately 1000 people per month in this period.  It is expected that 1 in 16 people in the economy will be employed in construction by 2019 as the industry enters a sustained growth phase. Minister for Business, Enterprise, and Innovation, Heather Humphreys...