Looks like more job cuts in the construction industry.
The U.S. segment of the construction industry has already been pretty hard hit with layoffs and lack of work (partly due to the economy and partly due to lack of available funding). But it looks like the problem continues is now part of the global economic crisis with the announcement that Switzerland-based Holcim, one of the world’s largest cement groups, has announced plans to let go of nearly 3,300 employees.
The layoffs will mostly take place in the United States, according to a Jan. 15 report from Agence France-Presse.
Holcim cites the global economic crisis as the reason for the job cuts, according to the report. The company also plans to stop work at one of its plants in the Phillipines, the report noted.
According to Holcim’s Web site, a “decline in building activity and increasing costs put pressure on [the] income statement and lead to capacity adjustments.”
At the time of this posting, Holcim planned to shut 67 plants in the United States, resulting in 2,000 job cuts, the company said, according the French newspaper.
In Spain, 450 jobs will be cut and 24 units closed, the newspaper reports. Britain would lose 600 jobs and see 20 site closures, while job cuts in Thailand would reach 280, according to the report..
