Industrial Info VP Speaks About Gulf Coast Labor Demand at MaRS Conference in Galveston
Attachment: Gulf Coast Craft Labor Hour Forecast, Refinery Turnarounds Graph
SUGAR LAND--August 22, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Earlier this month in Galveston, Texas, the Houston chapter of the Society of Maintenance & Reliability Professionals held its annual Maintenance and Reliability Symposium (MaRS). Among the speakers at this year's symposium was Tony Salemme, Industrial Info's Vice President of Labor Market Analytics, who presented on "The Risks and Opportunities of Craft Labor in the Gulf and What it Means for Maintenance Projects."
While much of the current literature and statistics about the Gulf Coast craft labor supply focus on major upcoming capital projects, there are also expected to be effects on planned and unplanned maintenance activities at existing facilities.
"This increase in labor demand and higher wage rates from these large capital projects will definitely trickle down into maintenance, as well," said Salemme, "As crews are enticed by higher wages for capital projects, owners and contractors will have to increase wages for maintenance work in order to remain competitive with other projects. If this doesn't happen, we expect to see planned maintenance outages, shutdowns and turnarounds being disrupted or rescheduled."
Industrial Info's Gulf Coast Region Labor Market Analysis has been recently updated for the third quarter. Gain insight into historical and forecast capital and maintenance spending through 2020, as well as current wage rates and expectations for the future. To learn more about this product, contact Tony Salemme at tsalemme@industrialinfo.com or by calling (209) 547-9878.
