Massive Job Cuts Imminent in Nigeria’s Construction Industry, Says Julius Berger

 The Managing Director of Julius Berger Nigeria Limited, Detlev Lubasach, has revealed that Nigeria's current financial struggles may lead to massive job cuts in the country’s construction sector.


He said Thursday in Abuja that also on the account of huge debts owed his company and other construction firms in the country, construction companies in the country may have to resort to staff downsizing to stay afloat.


He spoke at the 10th triennial delegates conference of Construction and Civil Engineering Senior Staff Association (CCESSA) in Abuja where the President of Trade Union Congress of Nigeria (TUC), Bobboi Bala Kaigama, also said that it was not enough for President Muhammadu Buhari to go after corrupt individuals, and that he must also feel the pulse of Nigerians concerning their job and food security.


Lubasach said that beyond the current economic constraints, the immediate past administration was unable to meet payments even for jobs already completed and handed over to the government.