1/30/2013 1:25:00 AM
FIN SURVEY
Half of all fastener companies added jobs in 2012, up from 43% the previous year. About 36% reported job growth under 10%, while an additional 14% of companies reported job growth above 10%.
Just over three in ten survey participants held the line on their workforce, with no additions or cuts reported for 2012.
And just under 20% of FIN Survey respondents reported jobs cuts, with 17% of companies trimming their workforce by less than 10%, and an additional 2% of companies cutting more than 10% of jobs.
Just over four in ten FIN Survey participants predict job growth and only 2% anticipate cutting jobs.
Nearly 70% increased wages an average of 3.9%.
And 78% of survey participants anticipate modest pay raises in 2013. ©2013 GlobalFastenerNews.com
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