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Building firm bankruptcies soar

Wednesday 09 May 2012

The number of building companies going bankrupt soared by 37% in the first four months of this year. In April, 180 building firms went bust, a 78% rise compared with a year ago, according to website Faillissementsdossier.nl.

The building sector has come under pressure from the housing crisis, as well as the economic problems.

In total, 4,068 companies went bankrupt in the first four months of the year – up 20% on a year ago.

© DutchNews.nl


Readers' Comments

Hopefully, that is the end of that 'cartel'. 50 euro's p/h and nothing to show but continual shoddy workmanship, perhaps, we can expect quality work from now on, and some competitive rates? It also signals that this will mirror the Irish housing debacle. I wonder how the commercial property sell off is going, only 6 billion euro's at stake, wake up Dutchies?

By Highlander | 9 May 2012 2:40 PM

This will continue to rise and rise as the housing bubble continues to burst.

By Kevin | 9 May 2012 6:49 PM

Kevin: I agree completely, however I'm quite worried - I wonder if the EU (including Dutch) leaders have the ability to control this crisis. The situation in Southern Europe is only getting worse, and will get much much worse as these countries go to the polls and vote. At the same time, many Dutch people do not even seem to realize what is actually happening, while they are losing certainties like unemployment benefits and stable pensions. This is very scary to me. Very scary.

By Bill | 10 May 2012 6:55 AM

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