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24 comments on 2009: Predictions for Australia
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24 comments on 2009: Predictions for Australia
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These are direct mining jobs that have gone but the real effect will be felt in heavy engineering workshops and contractors an suppliers all around the country. These enterrpises have geared themselves for growth and will ahve to hastily unwind those positions as the order book from the mining companies slow down. There are plenty of mining projects that looked great two years ago, that will struggle to get financing now so won't happen.
Thanks - I like it when people provide references :-)
When I was in Perth over Xmas everyone was extremely gloomy about the coming year but I like to see some actual numbers (no matter how gloomy they were, I don't know anyone in mining or energy who has been fired yet - but I know lots in finance).