French Construction Sector Faces Catastrophe Without 2025 Budget Support, Warns Industry Leader
Olivier Salleron, president of the French Building Federation, warns of impending disaster in the construction industry if the 2024 finance bill is not renewed in 2025. He predicts the loss of 150,000 jobs and 20,000 businesses going under, following 40,000 job cuts already in 2024. The sector is in a crisis, with a dramatic 70% drop in individual home construction over two years and an urgent need for housing. Salleron calls for swift government action to avert chaos and ensure support for low-interest loans for first-time home buyers.