Wednesday, May 21, 2008
Mass redundancies loom for housebuilders
Bloomberg.com: U.K. Homebuilding Industry to Cut Tens of Thousands of Jobs
``I've never seen a downturn escalate as quickly as this,'' the chairman said. Trying to compare it with previous downturns ``is like comparing apples and oranges.''
Posted by inthedelhi @ 07:44 AM (747 views) Add Comment
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. bystander said...
....but surely they will simply go home to Poland, Lithuania, Romania etc.
2. renting2 said...
The benefits of the fast information age.
3. it_is_going_with_a_bang said...
It's always the tightenting of credit isn't it.
What it actually is is society living beyond it's means on credit and then not being able to pay it back.
Not some mean old man somewhere keeping his wallet closed.
The bottom line is prices are far too high for the average person to buy a property 'reasonably' and 'comfortably'.
Remember what happened the last time building went into recession anyone .....
4. symo said...
Ah yet more service non manufacturing non exporting jobs go. Soon this will have further reverberations in the high street causing the second wave of mass redundancies, then triggering a decrease in tax payments thus cutting council services rendering another round of redundancies.....................etc
Oh and then we Engineers shall reign supreme MWHAHAHAHA