Construction industry

Economic crisis: Poor conditions for jobs

Building contractors are struggling. Inflation and high interest rates act as brake pads.(Bild: Huber Patrick)

The construction industry is crumbling: bankruptcies, fewer jobs and excessive costs. SPÖ National Councillor Josef Muchitsch calls for sensible and sustainable investments to overcome the crisis.  

18 companies from the construction industry in Vorarlberg have already slipped into bankruptcy this year. The number of unemployed in the industry has risen by over 19 percent year-on-year. During his visit to Vorarlberg, Josef Muchitsch, Federal Chairman of the BAU-HOLZ (GBH) trade union and SPÖ National Councillor, called for targeted investments and long-term strategies from the incoming government.