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What is the situation of foreign-funded chemical EPC contractors during economic crises?

2009-02-17View Original

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One of my colleagues jumped to the Shanghai branch of McMoran Walsh three months ago (at the onset of the economic crisis) to work on powder engineering design; his annual salary is over 200,000. He came back and told us that the economic crisis has had a significant impact on these foreign-owned general contractors, with everyone feeling anxious and insecure, fearing they might be laid off at any time. So have those who plan to join foreign-funded engineering companies in the near future slowed down their efforts?

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