Continental Electrical Construction Layoffs

Continental Electrical Construction company profile

Messages relating to layoffs at Continental Electrical Construction are presented below the company info.

Company information:

Industry/Area of Activity:: Energy and Energy Generation
Stock traded at:: Not applicable
About Continental Electrical Construction:: An electrical construction company in Chicago and its environs. The company was once a subsidiary of building maintenance conglomerate Encompass Services Corporation, but it returned to being a locally owned business when Encompass filed for Chapter 11 bankruptcy in 2003. The threat of bankruptcy had significant impact on the company's ability to secure work. Performance bonds for projects became nearly impossible to get while at the same time all of its customers wanted the company to secure their interests. The ultimate filing of bankruptcy by Encompass had little impact on Continental Electric Construction, as it had already brought itself back with market positioning, capability and reputation. The company was once a subsidiary of building maintenance conglomerate Encompass Services Corporation, but it returned to being a locally owned business when Encompass filed for Chapter 11 bankruptcy in 2003. The threat of bankruptcy had significant impact on the company's ability to secure work. Performance bonds for projects became nearly impossible to get while at the same time all of its customers wanted the company to secure their interests. The ultimate filing of bankruptcy by Encompass had little impact on Continental Electric Construction, as it had already brought itself back with market positioning, capability and reputation.
Revenue information:: Continental Electrical Construction is located in Skokie, IL (Illinois). It was established in 1912. 2004 estimated revenue was $91.4 million. 2007 Estimated revenue was $182.8 million. It's estimated that it employed 800 resources in 2008. You can visit Continental Electrical Construction's website here: www.cecco.com
More information:: None

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