24%
of construction companies reduced their headcount in the second quarter of 2014.
Layoffs at these companies took place against the backdrop of falling demand for construction work. Virtually one out of three construction industry representatives noted a reduction in the overall amount of work compared to the preceding quarter. One out of five companies in the sector suffered from insufficient financing.
This information comes from a new monitoring survey of the business climate in the construction industry conducted by the Centre for Business Tendency Studies at the HSE Institute for Statistical Studies and Economics of Knowledge (ISSEK).
See also:
31%
of construction companies are experiencing a shortage in graduates from educational institutions who have either technical training or who specialize in a trade.