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ner year in 2008. And it wasn’t immune to the drop-off that occurred right after that benchmark annum. “In March of 2009, we fell off the


cliff,” Peaslee said. “We had a 55% drop that month, in tonnage and dollars. It stayed there for all of 2009, didn’t vary by more than 5% for the rest of the year.” Since March 2010, though, business


has returned, with only a few backslides along the way. For the fi scal year, even with a diffi cult fi rst two months, the company is 30% off its 2008 numbers, a long way from the 55% drop that hit a year earlier. However, Peaslee said customers are


still exhibiting some uncertainty in the marketplace. Order volumes have been fl uctuating and hard to predict. This has made the company’s employment situation diffi cult to manage. “Employment is the 94 dollar ques-


tion,” Peaslee said. “You don’t want to carry too many people. If what you see from customers isn’t sustainable, you’re not going to hire people.” The company has hired 10 addi-


tional workers in 2010 (it hired zero in 2009) but for now, it is working


In this unique core loop setup, one employee packs core boxes, while a second removes the cores and places the boxes back into the loop.


overtime in some departments and waiting to see some solidifi cation of the marketplace before hiring more. As it did during the drop-off last year, it wants to avoid downsizing. “We had about 90 employees at our


peak, and we [didn’t make] any per- manent layoffs in 2009,” Peaslee said. “We worked every other week, and the union allowed us to defer wage increases for one year.” The union has since voted to end the


wage increase deferral, and Peaslee ad- mits that could place some strain on the company. However, he expects to do a consistent level of business through the end of the year before starting a slow ascent upward. With time, MGIF can only improve— just like a fi ne wine.


MC


For an audiocast with Robert Pea- slee, visit www.moderncasting.com.


MODERN CASTING / November 2010


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