Good news a sign of things to come?

Posted on Feb 15, 2010 :: Insight on Business, Web Exclusive.
Posted by of Insight Publications

Posted on Feb. 15, 2010

Today’s news from MEGTEC Systems Inc. that it has called back 24 laid-off employees at its De Pere manufacturing facilities since the start of the year may be a sign of good things to come.

MEGTEC, fully integrated global design, engineering, manufacturing and services company providing industrial equipment and services to various industries, laid off some employees last summer as orders slowed down. Now, company officials say business is picking up so more welders and fabricators are needed.

“We have recently received orders for equipment for the renewable energy markets as well as our traditional printing and packaging markets,” says Mohit Uberoi, president and CEO of MEGTEC. “We’re glad to be able to bring our skilled workers back to our plant. The gradual economic recovery of the markets served by our products helps MEGTEC and the local community.”

MEGTEC is just the latest New North company to recall laid off workers. For example, Oconto’s Cruisers Yachts recalled about 100 people from layoff earlier this year as that company’s sales outlook has improved.

While we’re still getting some news about companies letting go workers – Bay Shipbuilding in Sturgeon Bay announced last week it may have to lay off workers this spring if orders don’t pick up and Anthem Blue Shield in Green Bay will cut jobs when it comes a service facility here by the end of the year —  we’re also hearing more stories like MEGTEC where companies are bringing back workers or even adding new ones.

Here’s hoping smoother sailing is ahead.

–By MaryBeth Matzek