Saturday, 21 October 2017 | News today: 0

First victims of recession in Macedonia: 800 construction workers from 3 firms were laid off

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800 employees from three construction companies remain unemployed by the end of the year, and up to now about 500 people have been laid off. The SSO announced Tuesday that the expectations for the number of employees are that it will be reduced in the next three months.

The main explanation of the construction companies is that there is no work and the construction is in decline, and therefore 25 other branches that are related to the construction. On Tuesday, the State Statistical Office (SSO) estimated that the expectations for the number of employees are that it will be reduced in the next three months.

The following factors have the greatest influence on limiting the improvement of the current construction activity: increased costs for materials with 22.6%, no demand with 16.8%, competition in their own sector with 14.5% and increased financial expenses with 12.8%.

In addition to the decline in construction, data from the State Statistical Office are also mentioned, in August 2017 they were issued by 6.8% less compared to the same month of the previous year.