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Building sector bankruptcies soar

Tuesday 04 December 2012

The number of construction firms going bust in the third quarter of this year rose nearly 25% on a year ago, as the housing crisis continues to bite.

The national statistics office CBS said on Tuesday some 17,000 fewer people are now employed by the building trade than a year ago.

The number of bankruptcies rose by nearly 74% in the second quarter.

No recovery is expected in the short term, the CBS said. The number of building permits for new homes fell 36% in the first eight months of this year, while permits for new retail developments were down 43%.

© DutchNews.nl


Readers' Comments

holland is in big crisis ...unemployment is only rising

By shefali | 4 December 2012 11:24 PM

Dear Brussels,

please give the €500M from the Philips fine to the Dutch building sector,


(No chance! :P )

By The visitor | 5 December 2012 6:05 PM

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