Italian construction industry marks 'worst year ever'

Nearly half a million jobs lost since start of crisis

Italian construction industry marks 'worst year ever'

Rome, June 19 - Italy's construction sector suffered its worst year in history in 2012, the construction workers' association ANCE reported Wednesday. "The crisis (has been) the most intense and longest-running in the history of the country," said the report. Some 446,000 construction jobs have gone up in smoke since the start of the global financial crisis in 2008, according to ANCE, which said that number was 669,000 when including jobs in related sectors. "Equal to the entire population of Palermo," said ANCE. Over 11,000 construction firms have gone out of business over the same time period. "We've hit the bottom," said the report.

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