The Effect of a Shutdown

Posted: May 5, 2009 in Economy, Industry, Steel
Tags: , , , , ,

Duggan Drafting Firm Shuts Down

After almost 50 years in business, Chattanooga-based steel drafting company Ted S. Duggan & Sons Inc. closed its doors last week. Don Duggan, the firm’s president, blamed the worst time he had ever seen in the steel fabrication industry.  “We’ve closed because of the rotten economy,” Mr. Duggan said. “This industry there is just nothing out there anymore.” The firm had 16 employees.  Over the past five decades, the firm provided drafting services for projects around the world, including the Omni Hotel in Atlanta, the Opryland Civic Center, the last skyboxes at the University of Tennessee’s Neyland Stadium and a number of other projects that shaped the skylines of such cities as New York, Chicago, Boston and Dallas.

© Amy Williams 2009 All Rights Reserved
Tuesday, May 5, 2009, 12:00 a.m.

_____

Work ethics require personal choices to be made; will I or will I not stay with a company?  Will I move to this other company that seems to be doing better or will I stay loyal to the company I have been with?  Will I keep my business afloat or go for that comfortable loan?

Each individual should carefully evaluate his/her individual options before making a personal decision. Checking your options (by doing your homework on purchasing a steel building for instance) is a good idea and is always something I recommend doing.  The above goes to show that even after 50 years in business, a company can go out of business and be gone with the economy the way it is.  Ask yourself, had you ever heard of this company before?  Could it happen to you?

S.L.M. 5.5.09 @ 10:24

Creative Commons License

This portion of the work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s