The construction industry is undoubtedly one of the hardest-hit sectors in this current recession so it is no surprise that consolidation and survival have become watchwords. Job cuts are the answer for some but wholesale cutbacks can prove dangerous in the long term
In the last recession, companies abandoned training and apprenticeships and, as a result, it took years to reskill the workforce. There is still a recognised skills shortage in construction that will get worse as the recession continues. We must ensure that the economic turmoil does not result in the loss of an entire generation to the industry.
Slashing the training budget simply isn’t an option for those who take commitment to their workforce seriously. The truth is nobody is going to retire on their profits from 2009/10 but, by looking to the future and investing in people, companies can ensure they come out the other side ready for success.
Andrew Russell, managing director, Russells Construction
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