7/14/2016 12:15:17 The construction industry in Ireland has been hit by a severe downturn, with employers saying their orders were down by more than 10% compared with the previous month.
However, the number of construction jobs fell by nearly 9% to nearly 1.5m as the industry struggles to recover from the worst recession in its history.
The number of people employed in the construction sector fell by 8.3% to 3.7m, according to the latest data released on Friday by the Department of Commerce.
There were also 9.4m people employed as contractors, with another 10.7 million people employed by the construction and quarrying industry.
The latest employment figures come a day after the government announced a cut to construction tax concessions.
The new tax rates will reduce the average income earners’ income by up to £2,600 a year.
The Irish Construction Industry Federation (ICIF) welcomed the news, saying the Government had taken “bold measures to protect the industry”.
“The reduction in tax concessions will help keep our jobs in the country, which is vital for the Irish economy,” ICIF’s chief executive officer, John O’Neill, said.
The Government has pledged to cut tax rates by 25% on top of existing rates, and a 25% tax break will be extended to companies with a turnover of over £1bn.
In total, there are over 1,200 construction firms in Ireland with turnover of at least £10bn.
“The Government’s actions will provide certainty for workers and ensure that our industry is competitive, and has the necessary infrastructure in place to compete in an increasingly globalised world,” Mr O’Brien said.
In the latest jobs figures, 1,638 construction jobs were lost in April, down by almost 10%.
“The sector has had a challenging month as we have seen a massive drop in our orders and jobs,” Mr Molloy said.
“This is a serious blow to the industry and we need to make sure the industry can rebuild and that there is enough workers to take on the new jobs that are coming in.”
I can assure you that we are in the best possible position to support this industry and to continue to invest in the area to help it achieve the next stage of recovery.
“The latest figures from the Department for Transport show that the construction industry was hit by an estimated drop of 12,000 jobs, or a 10% decline in orders.
However the industry is not the only sector in need of support.
The construction industry employs nearly 1 million people, including about 6,000 in construction.
In recent years, construction jobs have been seen as a key industry for the country’s construction industry, with many Irish families looking to invest and develop the countrys construction industry.
However in the past year, the construction workforce has been in decline, with some companies reporting a loss of over 50,000 employees in the year to March.
Mr O’Sullivan said he was hopeful the industry could recover in the coming months, and the Government should consider more investment in the sector.”
We need to support the industry, so that we can continue to build the industry,” he said.
Mr Mollay said the Government was also taking action to protect jobs, including introducing a 50% tax relief on all building material and services.”
In the last five years, our industry has seen a dramatic drop in jobs, particularly in the areas of construction, engineering and mining,” he added.”
It is important that the Government takes the necessary action to support our industry, and is working to help ensure that the industry’s recovery is as robust as possible.
“The ICIF said the new tax relief would help to protect construction jobs.