Thu 15 May 2008
“Severe” job cuts loom warns HBF
The Home Builders Federation has called on the government to resolve the house market downturn as a matter of urgency, in order to save the jobs of thousands of housebuilding professionals.The HBF report that there is approximately 300,000 people currently employed directly by the housebuilding industry, with thousands more working in the servicing industry.
Only last week, Redrow announced that it has already made 15% of its workforce redundant over the past year.
Stewart Baseley (pictured), executive chairman of the HBF, said: “We need action now to prevent widespread redundancies in the housing industry. While we welcomed the £50bn special liquidity scheme announced by the Bank of England last month, we believe more needs to be done to help first-time buyers in particular.
“We have suggested a range of measures that we believe would assist. If action is not taken, and taken quickly, in addition to the immediate threat to jobs then the government's long-term housing targets are in jeopardy.”
Posted by Marc Da-Silva
in Bank of England, Home Builders Federation (HBF), News, Redrow, Stewart Baseley on Thu 15 May 2008
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