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Confederation cuts its losses
00:00 21 Jun 2000
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by John d'Arcy
The Construction Confederation has reported a "very satisfactory financial performance" for last year when it came closest yet to breaking even.
Final figures for the year ended 31 December 1999 saw a deficit of £9,000. This compares with a revised deficit of £76,000 in 1998. Accumulated losses in the first two years of the three-year-old confederation amounted to over £100,000.
Total income last year rose by 6.5% to £2.3m, including £1.56m from subscriptions. The general reserve fund stood at £5.7m.
New chief executive Jennie Price said that general confederation policy will be to focus on a limited number of issues and deal with them thoroughly. She said these are likely to include recruitment and the industry's image. "We need to think carefully about pay and conditions, security of employment, and site conditions".
Out-going president, Sir Martin Laing said, "paying attention to Europe continues top be one of our top priorities".
The Construction Confederation has reported a "very satisfactory financial performance" for last year when it came closest yet to breaking even.
Final figures for the year ended 31 December 1999 saw a deficit of £9,000. This compares with a revised deficit of £76,000 in 1998. Accumulated losses in the first two years of the three-year-old confederation amounted to over £100,000.
Total income last year rose by 6.5% to £2.3m, including £1.56m from subscriptions. The general reserve fund stood at £5.7m.
New chief executive Jennie Price said that general confederation policy will be to focus on a limited number of issues and deal with them thoroughly. She said these are likely to include recruitment and the industry's image. "We need to think carefully about pay and conditions, security of employment, and site conditions".
Out-going president, Sir Martin Laing said, "paying attention to Europe continues top be one of our top priorities".
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