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TheCountOfNowhere

Job losses and pay cuts

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Posted (edited)

All the guys that do overtime where I work me included they have gone and set a load of agency on telling them either come full time or no work .so to give them shifts they have taken all our overtime ,this will save them quite a bit of money and cost me about 540 after tax every 4 weeks in short I’ve just had an 8k pay cut ffs 😂 

Edited by stokiescum

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Posted (edited)
31 minutes ago, TheCountOfNowhere said:

Do you know anyone who's lost their job or been handed a pay cut due to the Chinese Plague (CV19) ?

So far I've got 1 pilot 3/10th income

1 sales person, income 40% down due to no sales.

No job losses to report.

 

A lot of overpaid clapped out footballers at FC Zion in Switzerland  including Song. A lot more will be ditched at contract renewal time.

Edited by Virgil Caine

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We’re on a two week forced vacation starting 6th April. Entire company.  So that’s forced use of annual leave. Incl.  most Agency, who don’t get paid.  Rumour is company will be sending around ¼ of the agency personal their notice during that vacation period.  So, expect a lot of job loses when (if) i go back on the 20th.  Also expect further redundancies later in the year.  Although that's business as usual. 

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6 minutes ago, feed said:

We’re on a two week forced vacation starting 6th April. Entire company.  So that’s forced use of annual leave. Incl.  most Agency, who don’t get paid.  Rumour is company will be sending around ¼ of the agency personal their notice during that vacation period.  So, expect a lot of job loses when (if) i go back on the 20th.  Also expect further redundancies later in the year.  Although that's business as usual. 

Couldnt they furlough you ?

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9 minutes ago, JoeDavola said:

Monthly subscription more like.

Bastard's got us hooked over the last few years and can charge what he likes!

;)

So @spunko is doing a Pornhub and letting us have premium content for free at the moment? If this means access to the stealthy place for all, there’s gonna be some very disappointed new members holding their, ahem, members. ;)

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Just now, TheCountOfNowhere said:

Couldnt they furlough you ?

Potentially yes.  And I think they probably will start to furlough people after the 20th, but it’s figuring out who they can and can’t, which becomes a bit of an issue with the unions.  So it’s first everybody is out.  Then furloughing people who really can’t work from home – plant floor, for example.   

And there is a degree of logic in bringing forward the unproductive time, even it's painful for us.  We also have a shutdown at christmas.  So half my annual leave this year will taken in enforced vacation times.  
 

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Self employed, income zero now for a few weeks/months, not unusual, been filling in doing refurb work last couple of years whilst working with other on start up, start up fucked by HMRC, thanks HMRC fuck you to hell. 

Was in manufacturing sector for a while, nobody gave a stuff about that going to China.  Also when in a trade full time, nobody gave a stuff when rates and work opportunities were stuff by 100,000's EE'ers, most unqualified but hey they were cheap.

I'll get by, many others who have rode the globalist horse won't and quite honestly have little sympathy in return.

 

 

 

 

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Just one guy who volunteered to be off work at 80% of his pay.  Company still running on skeleton staff.  He wanted to be one of the 4 out of 7 who stayed at home.

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Well i've just been furloughed. 1 month. 

Unions stepped up and said not fair some people are are furloughed, some people forced to use vacation and some forced to work thorough, 

So everybody out.  

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I've furloughed 3 staff thusfar and another 4 will be furloughed on Thursday next week. We'll then focus on getting whatever business we can get out the door with reduced numbers to try and bring some income in. I am starting to think one of my competitors had it right when they furloughed the entire company (40+) a week or so ago and shut down for a month. I thought I'd be clever and perhaps steal a bit of business but with hauliers letting us down left right and centre, suppliers closing and raw material shortages, staff off...it is a massive effort to get anything out and invoiced. Shattered this week, been on the phone pretty much constantly wheeling and dealing to spin plates. 

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Posted (edited)

Day job, "working from home", can do, no problems there.

Side hustle (that pays for the luxuries), things were looking bleak since Sep 19, when Covid hit, everything dried up instantly.

And then, yesterday, a ray of hope (a small contract for delivery Aug 20) and today another ray (another one for delivery Sep 20, waiting confirmation Monday).

Not at the usual level but bearing in mind that I am saving like there is no tomorrow (because probably there isn't) and it is looking likely that we won't be going on a summer holiday abroad  this year (saving almost £10K, don't ask), it is better than nothing.

As far as other people's losses are concerned where do I start: my acquaintance deep into commercial is facing bankruptcy by end of May, two good contractor friends are eating through savings ATM (things were not good before Covid mind you, same as me) and I just got an email from my local EA complaining: " The Government Shuts Down Estate Agency".

OK the latter is a pisstake, however, unlike Frank, I don't see a V shaped recovery.

Edited by t_v 🏅

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1 hour ago, Melchett said:

Not happened with my employer yet, but we have been encouraged that now is a good time to take our annual leave. All of it. Fuck that.

Me : I'm cancelling my April week as I can't do anything
Boss : er, let's talk about that next week

I think I'm going to be 'encouraged' not to cancel.
 

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Software company employee here.  This week, 3 people at our office of about 25 people were informed they are under threat of redundancy.  Apparently, furloughing is not an option.  Our office is the remains of a company that was bought out last year by a larger company of about 500 employees who were not a competitor.  The redundancies make no sense to us.  We're not short of work and still completing sales of our large and expensive product.  We have no idea of the number of affected positions in total across the whole organisation.  It has destroyed morale.

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3 minutes ago, Lipid said:

Software company employee here.  This week, 3 people at our office of about 25 people were informed they are under threat of redundancy.  Apparently, furloughing is not an option.  Our office is the remains of a company that was bought out last year by a larger company of about 500 employees who were not a competitor.  The redundancies make no sense to us.  We're not short of work and still completing sales of our large and expensive product.  We have no idea of the number of affected positions in total across the whole organisation.  It has destroyed morale.

Got to think that the vast majority of times there are takeovers / buyouts a culling will inevitably occur,  worst case is whole technology transfer where the bought out company gets shuttered an a few employees move to new parent company. Companies don't seem to value morale, but often a drop triggers the leaving of some of the best staff.

 

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Just now, onlyme said:

Got to think that the vast majority of times there are takeovers / buyouts a culling will inevitably occur,  worst case is whole technology transfer where the bought out company gets shuttered an a few employees move to new parent company. Companies don't seem to value morale, but often a drop triggers the leaving of some of the best staff.

 

The current 25 is what is left of an original 35 or so when we got bought 9 months ago.  None of those were redundancies, just natural wastage.  A few of those we lost have not been missed much, but a couple of the ones at threat now will make life a lot more difficult for the remaining ones due to their knowledge and expertise going out the door.  One of the employees under threat was the first one hired by the original firm, and he's a very, very bright chap.

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Big Skype call this morning with lots of engineers from Exxon here in Houston. Division President has changed overnight, no announcement. Not sure where the old one has gone.

Lots of projects getting cancelled or delayed as we are going to have a massive cash flow problem with oil at these current prices. No mention of furloughs or job cuts yet, even when the new pres was asked the question directly. 

An acknowledgment that most business travel is a complete waste of time and money, that was interesting!

I am just keeping my mouth shut, and head below the parapet for now. As long as they keep paying me, I'm happy enough.

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29 minutes ago, Lipid said:

The current 25 is what is left of an original 35 or so when we got bought 9 months ago.  None of those were redundancies, just natural wastage.  A few of those we lost have not been missed much, but a couple of the ones at threat now will make life a lot more difficult for the remaining ones due to their knowledge and expertise going out the door.  One of the employees under threat was the first one hired by the original firm, and he's a very, very bright chap.

Yes, don't expect them to make the right decisions either when office politics comes into it as well, or brief encounters with those making the decisions.

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9 hours ago, spunko said:

Yes, me. :CryBaby:

Well my sales are down -50% or more, I don't even want to know so haven't crunched the numbers.

There are plenty of us on here who would make a contribution if you set up a Patreon account or similar. I’ve had an immense amount of free entertainment from this site over the last 3 years and would gladly pay some back dated subs.

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