The financial crisis seems to have had a significant impact on the chemical engineering design industry
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A financial crisis has hit, and it should have a significant impact on our industry. I heard that there are many fewer projects available for small design firms
Not to mention small design firms – Meisheng Woli. The branches in Beijing and Nanjing now require employees to work three days a week, with them receiving 60% of their usual salary.
It’s the same in design institutes of all sizes – bonuses have been reduced, and many are now relying on projects taken on in the previous two years; in another year, there will be no projects left
Our pesticide company was also affected, but there were no salary cuts.
Just graduated and signed on with a small design firm – what a pity...
Our company has decided not to undertake any new construction or expansion projects this year, so I have nothing to do
Many large design institutes have also been affected
Some leaders in Hangzhou’s compound areas also said it was tough in 2009
The design institutes of Sinopec haven’t been greatly affected, have they? The more outward-oriented and market-oriented an organization is, the greater the impact it suffers.
I just started working at a small design firm. The management said that in 2009 they would only receive one-third of the contracts they got in 2008; it seems that the earnings promised during the orientation meeting won’t be achievable
Why does my friend say they still have too much work to handle? One of the digital studios.
Our industry is also influenced by the overall economic trends; it’s hard to say when things will improve.
Design institutes now have far fewer projects; they serve as a barometer of the national economy.
Design institutes in the petroleum, petrochemical, and coking sectors are generally not greatly affected
There are pitifully few projects; it will likely be tough in 2009, but there’s still a lot of work to do, and one needs to improve their skills.
The impact of this economic crisis on industries such as chemicals and steel is indeed severe; many manufacturing units have stopped production!
It has a significant impact; it’s really hard for us graduates of this class to find jobs
Really, I just signed with Sinopec, and I don’t know what to do now
The impact is significant; we have halted several projects
Many companies are cutting costs, and many of the projects that were originally planned have been halted; as a result, there are fewer projects for design firms. In fact, compared to manufacturing plants, it’s probably much better for them to keep operating even at a loss. However, as the situation evolves, entrepreneurs will realize that the current decline in raw material prices, especially for steel, is highly beneficial for controlling project costs. Moreover, under the new competitive landscape, companies are placing greater emphasis on the development of new technologies and products; it is likely that design firms will soon have a lot of work to do!