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Asked about their outlook for the Connecticut economy, 60% of respondents to a CBIA survey said they expect a contraction over the next 12 months.
According to CBIA/CONNSTEP’s first Connecticut Manufacturing Report, issued at the 2019 Manufacturing Summit, workforce tops manufacturers' concerns, with 60% of poll respondents saying it was their most significant need – and 56% saying it was “difficult” to both find and retain young workers.
The Powers Fasteners unit of the company has postponed laying off 35 of 150 employees until 2015.