Construction Companies Plan Layoffs 01/16/2009 | An estimated two-thirds of the nation's non-residential construction companies are planning to cut their payrolls, according to new employment and business forecast figures released by the Associated General Contractors of America (AGC), Arlington, VA. The layoffs are forecast to result in a 30-percent decline in the number of people working on construction projects."Unless the business climate changes significantly, and soon, the construction sector will continue to experience the kind of devastating job losses and crippling declines in business activity that will undermine efforts to end the recession," says Stephen Sandherr, CEO at AGC. The forecast results found no relief in sight for construction companies that have already been among the hardest hit by the economic slowdown. Many companies experienced significant slowdowns beginning late last year, resulting in a 10-percent decline in the number of construction workers since 2006.The forecast also found that planned investments in infrastructure projects as part of the national stimulus package are likely to dramatically improve the employment and business outlook for the year. For example, 85 percent of non-residential construction companies would either cancel layoffs or add new employees if states embarked on stimulus-funded infrastructure projects. For the full survey results, go to www.agc.org/galleries/news/survey_results.pdf. Previous ArticleNext ArticleENERGY STAR Announces 2013 Upgrade of Portfolio Manager Twitter Facebook LinkedIn RSS Email to a Friend * required fields From* To * Message cancel Email Print Print Related Coverage Showcase Your Healthy Building with Dual Certifications PepsiCo Reduces Water Use by 26% ADDITIONAL FM TOPICS Sustainability / Resilience 5 Tips for Optimal Window Performance Sustainability / Resilience U.S. Summer Gasoline Consumption in 2016 Sets New High Sustainability / Resilience ISSA Announces Merger with CSSA Sustainability / Resilience Sustainable Solutions for Aging Building Infrastructure Project Management The Key to Project Success: Collaboration Roofing The Vital Role of Insulation in Roofing Systems HVAC Portable Air Conditioners Taming Hot Summer Temperatures: Keeping People & Networks Safe Security A New Approach to Vendor Risk Management HVAC Maximize Your Return from HVAC Maintenance Plans Sponsored Links Smart roof systems improve building energy efficiency! Polyglass’ Polyfresko cap sheets with CURE Technology saves on energy. Engineered to perform, Polyfresko has superior granule adhesion and excellent puncture, stain and UV resistance.