The staff expect to be taken back on again in perhaps a month or two, and there is no doubt that the weather has played a small part in the whole affair, but it is significant that the impact is now moving up the supply chain, as well as down.
I probably keep sounding like a doomsayer, but the signs I am seeing are not good at all. I treat the construction sector as a leading indicator for the economic health of the islands, and it certainly impacts across a wide range of goods and services.
With some (major) contractors doing work at cost, just to keep their employees in jobs, then the seriousness of the impact cannot be understated.
No-one can point to any significant construction work in the pipeline, and this is simply removing any security that the employers and employees may have had.
We have escaped the worst of the recessional to date, but I think the impact will be in 2010.