2008 was a good year for some workers in the die casting industry, according to a study by their trade association, the North American Die Casting Association (NADCA). The study, which was based on information gathered from 37 domestic companies in the industry, says that maintenance worker’s pay actually increased 36% compared to their pay in 2007.
News for others in the industry was not so positive. For example, CNC (computer numerical controlled) machine operators saw a decline in pay of 34% from 2007. “The data in this Wage & Fringe Benefits Survey reflects total pay, including overtime, and is indicative of the economic times the die casting industry is experiencing,” said Daniel L. Twarog, NADCA’s president.
Many companies, he explained, are putting more money into keeping older machines running, rather than purchasing new ones, a situation that means less business for die casters. More information is available at the association’s website, www.diecasting.org.