Management Summary: Study on recession in machinery and plant construction industry

Order declines of 30 to 50 percent, a liquidity squeeze on highly leveraged companies and international interdependence have produced the worst-ever crisis for the machinery and plant construction industry. Managers of leading companies now expect a longer and deeper crisis than a few months ago. These are some of the findings of the Oliver Wyman study "Time to act - Six theses on how to overcome the recession in the machinery and plant construction industry."