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Housing slow down may cost 35,000 jobs - Irish Job News - News on Jobs for Ireland


Housing slow down may cost 35,000 jobs

25 July 2007 | Ireland | No Responses by paul savage.

via the Irish Examiner

UP TO 35,000 jobs may be lost by the end of 2008, while the Exchequer’s tax take will be down more than €1 billion as the housing market goes through a serious correction.

Davy Stockbrokers (www.davy.ie) has warned in a new report that the sharp reversal in housing will see 65,000 homes built next year, down from 80,000 this year and 88,000 in 2006.

I wonder what the CIPD will say about this, as last week there were quoted as saying there would be no job losses .

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