Results of SC&RA’s COVID-19 Survey

(August 5, 2020) - SC&RA conducted a survey this past June as part of a research initiative connected to the impacts of Covid-19 on crane, rigging and specialized transport companies. The Association was very pleased with the number of members who took part in the questionnaire, which provided valuable insights on how nearly 80 member companies have navigated the last few months, as well as how they’re looking ahead as the country and the world comes back online.

Nearly 85 percent of survey respondents indicated that SC&RA’s proactive move with DHS fell within the categories of Somewhat Helpful, Very Helpful and Extremely Helpful. To that end, approximately 73 percent of those who answered said they didn’t have to furlough anyone, and approximately 71 percent specified that they didn’t have to lay anyone off. That said, around 13 percent of respondents explained that they did have to furlough 0–10 percent of their workforce, while approximately 15 percent said they had to lay off 0–10 percent of their workers. Drilling down, almost 7 percent answered that they’ve had to furlough between 10–25 percent of their workers, while nearly 10 percent of respondents indicated they had to lay off between 10–25 percent of their workforce.

Those who’ve had to alter their workforce are doing their best to remedy the issue – with 12 percent of survey respondents confirming they plan on bringing back the 10–25 percent of workers they’ve had to furlough within the next 60 days, and nearly 20 percent verifying that they plan on doing the same with any laid-off workers.

Nearly 67 percent of those who answered confirmed that they had both applied for and received a PPP (Paycheck Protection Program) loan, while nearly 20 percent had not.

To read more about the results, visit ACT Magazine.