OK….this economy is getting me down.
I work at a steel fabrication company, we provide structural steel and various steel products like stairs, rails, ramps and we also are a certified small bridge fabricator. We also supply metals for Wastewater treatment plants.
Business sucks right now. No one with any money is spending it. The only money out there is public money, colleges, schools, state and federal projects. Developers are not spending money. We have diversified as much as possible. We were hoping there would be a few more bridge projects coming up but all the so called stimulus money have not translated to more projects in our area. (New England) We had a decent bump last summer after a bad winter…….it seems we are back to no work for this winter as well. Prices for material, insurance, taxes, is always rising…..and prices for projects are getting lower as people become desperate for work. I am seeing some movement in some areas…..but not in construction.
We are getting competition from large cities who would never chased projects this far away…….and they are taking jobs for nothing.
We have done layoffs, all the rest of us are going on 4 days a week with one day of unemployment. (again) (So now I am working 50 hours and getting paid for 32)
I should mention that I am the estimator….It is my job to find work. I’m feeling the stress. On a personal level I will be fine, I have many marketable skills…..but it’s my job to get work and 25 other families depend on me for that. I know many of them are not prepared in any way to be out of work for any length of time.
I guess this is just a post to let off some steam.