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 Email Share Share Other Open Social Related Coverage How to Build a Waste Management Program LG Electronics Recycles 24,000 Tons of Used Devices Federal Green Challenge Winners Announced Related Articles Sustainability / Resilience 5 Ways Your Building is Wasting Energy Sustainability / Resilience Path to Energy Savings in the Building Envelope Sustainability / Resilience Business Recycling Rules Now Enforced in New York City Sustainability / Resilience 3 Money-Saving Tips for Relamping Sustainability / Resilience How to Future-Proof Your Building Building Controls The First Steps of Adding Intelligence to Your Facility Energy Management How to Increase Productivity and Engagement in Outdoor Spaces Building Controls Fine-Tuning HVAC Controls for Maximum Efficiency HVAC Fine-Tuning HVAC Controls for Maximum Efficiency 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. Increase profitability by cleaning smarter and transforming your building into a high performing asset. Get tips from High Performance Building experts Whether it’s earning an IREM credential or increasing your job skills, any goal in property management can be accomplished with IREM education. Click here to visit our website!