Decrease in Construction Projects Affect Many Other Professionals
Due to the current economic conditions the construction projects have decreased in number and this decrease in number of new construction projects had started affecting several other professionals like engineers, architects, interior designers etc. in and outside Thailand.
Numbers of new construction jobs have gone down by 20-30% in 2009 as compared to 2008. This decrease in construction jobs has been happening mostly since the last quarter of 2008. Therefore, several other professions related to Construction and properties are also very badly affected.
President of Thai Contractor’s Association stated recently that as the developers postponed the construction of their new projects many architects and engineers have lost their jobs in last quarter of 2008. Many developers who have also the blueprints prepared for the beginning of construction have hold back their projects due to the poor demand of housing projects.
Many construction firms confirmed that they have to get to job cuts of a few of their engineers due to decrease in number of construction contracts and financial recession.
As a lot of developers have postponed the launch of their new projects the architect’s careers have also felt a very pessimistic impact.
As per a recent report, the numbers of projects that are to be launched in 2009 are nearly 30% less than that have been launched in 2008.
The situation is worst not only in Thailand but also in other countries outside Thailand. Professionals are feeling the impact in other countries also. In case, if the condition of property market does not get better by the last two quarters of 2009 then many architectural firms also have to start job cutting to cut costs and to survive in the market.
Not only engineers and architects but the demand for interior designers has also decreased a lot. Interior designers are the most affected in Thailand due to the impact of recession and decrease in demand. The developers are doing cost cutting mostly in the segment of interior work.
Numbers of new construction jobs have gone down by 20-30% in 2009 as compared to 2008. This decrease in construction jobs has been happening mostly since the last quarter of 2008. Therefore, several other professions related to Construction and properties are also very badly affected.
President of Thai Contractor’s Association stated recently that as the developers postponed the construction of their new projects many architects and engineers have lost their jobs in last quarter of 2008. Many developers who have also the blueprints prepared for the beginning of construction have hold back their projects due to the poor demand of housing projects.
Many construction firms confirmed that they have to get to job cuts of a few of their engineers due to decrease in number of construction contracts and financial recession.
As a lot of developers have postponed the launch of their new projects the architect’s careers have also felt a very pessimistic impact.
As per a recent report, the numbers of projects that are to be launched in 2009 are nearly 30% less than that have been launched in 2008.
The situation is worst not only in Thailand but also in other countries outside Thailand. Professionals are feeling the impact in other countries also. In case, if the condition of property market does not get better by the last two quarters of 2009 then many architectural firms also have to start job cutting to cut costs and to survive in the market.
Not only engineers and architects but the demand for interior designers has also decreased a lot. Interior designers are the most affected in Thailand due to the impact of recession and decrease in demand. The developers are doing cost cutting mostly in the segment of interior work.
Labels: architectural firms, interior designers, Thai Contractor's Association
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