how did global financial crysis efected you?

[karolisbilz@yahoo.com]

hello, i was wandering did any of you feal global financial crysis? and if so in what way? cause just seeing it on TV everyday doesn't count....do you have less customers and did you have to lower pricetags for your work etc.?

Caude i live in Lithuania and it touched the whole country pritty siriously and we have almost 50% less nes clirnts than last winter andm, if not even more. other than that, some major (major for us not worldwide wise) clients got burned because of that crysis and how cannot pay us for almost 1.5 years work....so...

[REDVERTEX]

Hi there!

I can say 30% decrease here. Only the high-end quality is still above the water. Lot's US, EU clients suffer of lack of money, so we have to wait for 3-6 months for some payment.

 

All the world is the "Survivour" TV Show

[karolisbilz@yahoo.com]

it's god when payments come at all but in our case our clients got totaly broke and as far as i can see none of the money will be payed....more than 100 000 Euros loss because of couple of clients...since our company isn't that big (~ 15 people), that's a lot of money .....a lot of money that we need in this difficult time

[mbowers]

Our firm typically has a 12 mo backlog of work. We are sitting on 5 months. We have enough work to keep us busy but it's in short supply. We've had 3 huge projects fall from our lap because the client couldn't secure adequate financing. Our latest project to date got put on hold because the city just can't afford to build it, no matter how back the community wants it, our city is just plain strapped. I too would say that we've seen about a 25-30% reduction in work load in the past 4 months.

[ihabkal]

It didn't affect the Lebanese market at all, there is still a lot of work here for dirt cheap as usual.