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| 'Crisis' in construction industry | 'Crisis' in construction industry |
| (20 minutes later) | |
| More than 8,000 construction jobs have been lost or are under threat due to the economic slowdown, the Construction Employers' Federation (CEF) has said. | More than 8,000 construction jobs have been lost or are under threat due to the economic slowdown, the Construction Employers' Federation (CEF) has said. |
| A survey of 20 Northern Ireland housebuilders found that 3,000 jobs had been lost in the 12 months to 20 June. | A survey of 20 Northern Ireland housebuilders found that 3,000 jobs had been lost in the 12 months to 20 June. |
| John Armstrong, CEF managing director, said on Monday the situation was at "crisis point". | John Armstrong, CEF managing director, said on Monday the situation was at "crisis point". |
| "The magnitude of the slowdown and job losses in house building will impact on the industry's supply chain," he said. | "The magnitude of the slowdown and job losses in house building will impact on the industry's supply chain," he said. |
| Twelve of Northern Ireland's top 20 civil engineering employers said their total employment could fall by 45% if the Executive failed to accelerate the Investment Strategy for Northern Ireland (ISNI). | Twelve of Northern Ireland's top 20 civil engineering employers said their total employment could fall by 45% if the Executive failed to accelerate the Investment Strategy for Northern Ireland (ISNI). |
| The CEF said that house builders were also facing stocks of unsold homes. | The CEF said that house builders were also facing stocks of unsold homes. |
| "We urge the executive to formulate a programme to encourage first-time buyers, stimulate socially-affordable housing projects and accelerate procurement of ISNI projects," said Mr Armstrong. | "We urge the executive to formulate a programme to encourage first-time buyers, stimulate socially-affordable housing projects and accelerate procurement of ISNI projects," said Mr Armstrong. |
| "This sector has been a major driver of growth over the past decade, to let it collapse now would take a generation to recover." |