Every 5th Construction Worker May Soon Be Laid Off, Says CEO

Photo: Postimees/Scanpix
10/7/2013 10:37 AM
Category: Economy

Jaano Vink, head of the construction company Nordecon, has said that a fifth of the sector's employees may have to find a new job or head abroad in the next few years as the business slows.

In an interview with Äripäev today, Vink said that the reasons for the slowdown are a decrease in EU funds and the drying up of funds from CO2 quota sales.

Vink said the cutbacks will affect white collar middle managers the most.

He saw positive trends in the sector as well, with unqualified workers being cycled out.

“Hopefully skilled graduates of training schools, who are gradually dislodging the freeloaders, will also add value to the industry,” Vink said.


The name field cannot be empty
No more than 50 characters
Comment field cannot be empty
No more than 50 characters
Comment field cannot be empty
No more than 1024 characters
{{error}}

Message forwarded to the editor

This Ip-address has limited access

See also

There are no comments yet. Be the first!

Reply to comment

+{{childComment.ReplyToName}}:
Reply to comment
Reply

Laadi juurde ({{take2}})
The name field cannot be empty
No more than 50 characters
Comment field cannot be empty
No more than 1024 characters
{{error}}
Add new comment