While it doesn’t seem to be hitting the mainstream media quite yet, word on the street is that large layoffs have actually occured within the past week at several construction firms.  Details are scant, but rumors include the completion of cuts totaling 600 at Bovis Lend Lease (presumably worldwide),  300 at Turner Construction (presumably across the US), and that US Eastern regional contractor Hunter Roberts has closed its New Jersey office.

None of these actions have been confirmed yet, although UK-based ContractJournal.com reported on October 21st that job losses were imminent at Bovis, to the tune of 300-400.  Hunter Roberts also closed its Boston office almost exactly a year ago, but reportedly made offers to retain all employees elsewhere within the company.  CRE-Insights.com will revise this article and/or post updates as/if facts become clear.