More Job cuts in the Fort Myers area.

[firemed]

Originally Posted by FLANATIVE1

WCI Communities has planned communities all accross the nation that are in the process of being built and they are laying off employees monthly. If the situation is bad enough, you will see layoffs mid-construction. The catch is that WCI Communities is a HUGE company. In order to support the employees that work for them, they need a lot of jobs. Smaller companies can get by with just a few developments a year if they budget themselves right. If you notice, most companies that are laying off people work in other areas besides Lee County. The trouble is that the news-papers often go to the big companies to get their story and the story often comes out being one-sided. As someone who has family in construction, I can assure you that all hope is not lost. It all depends on your area of specialty. If you specialize in strictly building houses, you will run into trouble. However, there is road construction, commercial construction, high-rise tower construction, utilities, etc. Now, if the market doesn't pick up soon we will see trouble accross the board. However, with the exception of housing, there is still plenty of work to be done.

There are alot of layoffs each day. WCI cut alot of jobs here. Fort Myers is very dependent on construction. Tax cut will slow alot of the infrastructure jobs. Condo sales are dead. I don't think things look very good right now.
Many of Southwest Florida’s home builders continue to struggle with a sluggish market. Pulte Homes announced Wednesday that it was cutting nearly 2,000 jobs nationally in a massive restructuring aimed at saving $200 million annually. The company said that the slowdown has left it with overhead that far outstrips demand for its houses.”

[FLANATIVE1]

Originally Posted by firemed

There are alot of layoffs each day. WCI cut alot of jobs here. Fort Myers is very dependent on construction. Tax cut will slow alot of the infrastructure jobs. Condo sales are dead. I don't think things look very good right now.
Many of Southwest Florida’s home builders continue to struggle with a sluggish market. Pulte Homes announced Wednesday that it was cutting nearly 2,000 jobs nationally in a massive restructuring aimed at saving $200 million annually. The company said that the slowdown has left it with overhead that far outstrips demand for its houses.”

There are going to be layoffs. There are going to be companies that go out of business. The boom is over and we are returning to a normal growth pattern. Lee County is still growing. The problem is that all the developers built way too much in the past years and now the developments sit empty. They should have paced themselves instead of flooding the market. The companies that did pace themselves should do fine. The companies that flooded the market with huge developments,......well I guess they dug their own grave.

[firemed]

Originally Posted by FLANATIVE1

Just goes to prove that if you have a quality development, you can still do good in this market.
The News-Press: Cape Coral (http://news-press.com/apps/pbcs.dll/article?AID=/20070604/NEWS0101/70604052/1075 - broken link)

I don't see how that will help the job market ?