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Forty Percent of Construction Firms Report Layoffs Amid Widespread Project Cancellations as Economic Impact of Coronavirus Grows

Survey of Construction Firms by the Associated General Contractors of America Finds More Than Half of Firms Have Had Projects Halted as 74 Percent Seek New Paycheck Protection Loans to Retain Staff
April 13, 2020
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With the COVID-19 pandemic worsening by the week, an ever-increasing share of contractors are reporting cancellations of upcoming projects and shortages of equipment or materials, forcing nearly 40 percent of firms to lay off employees, according to an online survey released April 10, by the Associated General Contractors of America.


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