According to the UK trade magazine Construction News, industry pundits Off-Highway Research are forecasting a very gloomy 2009 for plant manufacturers. No great surprise there, nor in OHR’s contention that much of this universal woe stems from a lack of available credit with which to purchase new equipment.
So how is the credit crunch and the resulting recession impacting upon your business?
Please use the comments box (below) to tell us how you’re coping with a downturn in work and what you’re doing to cut costs. Have you laid off staff or outsourced certain duties; and will the downturn impact upon your spend on vital things like training and staff improvement.
We look forward to receiving your feedback.
