Operating costs see slight jump
According to the Plant Engineering Cost Index (PECI), plant operating costs increased by a mere 0.1% in July to 149.7, with the slight increase stemming from the facilities side of the index. The PECI has risen 1.5% above year-ago (July 1997) levels.
According to the Plant Engineering Cost Index (PECI), plant operating costs increased by a mere 0.1% in July to 149.7, with the slight increase stemming from the facilities side of the index. The PECI has risen 1.5% above year-ago (July 1997) levels. The July increase marked the fifth increase out of the last six months, with June 1998 being the exception when the PECI dropped by 0.1%. Among the biggest changes in the facilities index were lumber, down 10.3%, and copper-based alloy rod, down 18.8%.
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Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.