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Mon 03 Mar 2010'Armageddon' for architects as new projects grind to a halt
THE COLLAPSE last Friday of such a prominent architectural practice as Murray Ó Laoire shows how bleak the outlook is for many professionals in the construction sector – not just architects, but also engineers, quantity surveyors and others in the frontline of an industry in deep trouble., writes FRANK MCDONALD, Environment Editor
Murray Ó Laoire Architects (MOLA) went into liquidation, with the loss of 127 jobs, after its bankers pulled the plug. The firm said it was “unable to meet its current financial obligations” because of cumulative bad debts, problems in getting more work and “the increasing difficulties in getting paid on time, or at all”.
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