Plant costs rise 1.6% in 1997
According to the Plant Engineering Cost Index (PECI), plant operating costs fell 0.1% in October to 148.7. Compared to a year earlier, costs were 2.6% higher in October. Based on 10 months of data, costs were 1.6% higher in 1997 than in 1996.
By Staff
According to the Plant Engineering Cost Index (PECI), plant operating costs fell 0.1% in October to 148.7. Compared to a year earlier, costs were 2.6% higher in October. Based on 10 months of data, costs were 1.6% higher in 1997 than in 1996.
The facilities side of the PECI was entirely responsible for the decline in October costs. The facilities index fell 0.2% in October, while the equipment index remained unchanged over the month. Compared to a year earlier, the facilities index gained 2.1%, and the equipment index advanced 2.8%.
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2012 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.