Don't Believe The Hype

[xRHETTx]

I'm an engineer with a multinational consulting firm. The US side of the business has been hit pretty hard (of course).

5% of our staff were made redundant last week (about 90 people). Worst thing was about half were new engineering graduates who will find it very hard to get a job out there whilst there are experienced people willing to work for less just to keep up with their mortgages.

Good thing is in Vic we didn't lose anyone, as we mainly deal in government infrastrusture unlike other states who are more mining and minerals etc.

All I can say is bring on the Desal plant!

[funkymonkey]

I'm an engineer with a multinational consulting firm. The US side of the business has been hit pretty hard (of course).

You don't happen to work for Transfield or one of its subsidiaries do ya?

[femno]

The mining and minerals market has slowed down, we deal in raw materials handling, chain conveyors, bucket elevators etc, we have customers all over aus and some OS, we have shit all new capital projects and spare parts are slowly ticking over. We've heard alot of plant projects canned due to lack of funding, that means no machines need to be deisgned and built...no one wants to spend money!

Its all no worries really...less work to do means more time on SAU!