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The Irish construction sector faces a shortage of thousands of workers over the next four years. Research conducted by the Society of Chartered Surveyors Ireland (SCSI) estimated that there would be a shortage of almost 2,000 construction and property surveyors. Over the next few years, it is projected that 3,740 new surveying jobs will be created by growth in the sector, but that 1,577 new graduates only would enter the workforce....
Ireland's construction firms have continued hiring amid a strong pace of growth in the sector. The latest Ulster Bank Construction Purchasing Managers' Index stood at 58.4 in June. While that compared to a stronger 61.8 reading in May, any figure over 50 represents expansion - any reading below that indicates contraction. Simon Barry, chief economist for the Republic of Ireland at Ulster Bank, said the May figure was "extremely...
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...
Social network Facebook continues to grow its footprint in Meath and Dublin. Facebook is understood to be planning to expand its data centre offering in Clonee, Co Meath. The social media giant broke ground on its original €200m data centre in Clonee two years ago on a 220-acre campus that left room for further expansion. The project generated around 600 construction jobs as well as 100 full-time staff to operate the facility....
Newry construction and fit-out firm Mac-group has secured contracts worth more than £78m across the UK and Ireland in the last six months. And the contractor, which is led by founder and chief executive Paul McKenna, has said one of its biggest deals has been to carry out a mixed-use development for a major hotel in Liverpool. However, the company would not disclose the identity of the hotel operator. Mac-group...
At least 42 Irish construction companies have gone into liquidation or examinership since the start of this year, prompting a trade body to warn parliamentarians of an insolvency crisis that could hit public projects. The Construction Industry Federation, and other sources blamed the crisis on the price inflexibility of government contracts colliding with rising costs. Industry figures claim this collision has depressed profit margins...
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...