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PAI is buying just as a recovery in building demand in Germany is poised to end a decade-long construction slump.
(It was the repair of New York's crumbling bridges that saw Local 40 through the construction slump of the late 80's to the mid-90's).
The company, which owns the rump of the former British Steel, blames a post-financial-crisis construction slump and the cost of new climate change rules from the EU and in the UK.
Now, the construction slump — along with a year-old crackdown on illegal immigration at the border and in the workplace, and mounting anti-immigrant sentiment in places — has made it even harder for Mexican migrants to reach the United States and land well-paying jobs.
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Home sales and construction slumped after a popular homebuyers' tax credit expired April 30.
After a few hard years, with construction slumping in the rich countries, a recovery at last seems in sight.
Construction slumped during the financial crisis, falling by another 5% in the first quarter of 2012 compared with the three months before.
In countries such as America, Spain or Ireland, the bursting of housing bubbles caused construction to slump, with the loss of many jobs that are unlikely to return soon.
Figures out today, for example, showed car sales fell sharply last month for the 11th month in a row, while new orders in the construction sector slumped again.
Besides, there was an Olympic Park to be built.Over the past four years, as the construction industry slumped and trains became ever more crammed, the government tried to find a forward gear.
Because construction was slumping in the United States at large, the pipeline drew workers from across the country.
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