Direct employment in the construction industry has decreased by 130,000 jobs since 2007, according to a new study.
The report, compiled by the construction consultancy firm Davis Langdon PKS (DLPKS), forecasts a further 40,000 jobs will be lost in the sector this year.
In their annual review of the sector, DLPKS predict that the Irish construction industry will see a decline of approximately 23 per cent in 2010.
From a high of €38 billion in 2007, the sector is predicted to have reduced in value to the region of €19 billion in 2009 and is expected to fall by a further €14 billion this year.
According to Davis Langdon PKS, direct construction employment totalled 260,000 in the second quarter of 2007 and is now at about 130,000.
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