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My company is planning cuts


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5 minutes ago, No One said:

My company made all the furloughed workers attend a web presentation telling us how fucked the company is.

They are thinking of sacking 200 of us, all service contractors to other companies in the engineering sector.

I just hope they keep paying furlough until October, but I'm somehow doubtful.

 

:(

 

I'm fully anticipating something similar, all the noises are good at the moment but I've heard it all before.

You have my sympathy.

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3 hours ago, No One said:

My company made all the furloughed workers attend a web presentation telling us how fucked the company is.

They are thinking of sacking 200 of us, all service contractors to other companies in the engineering sector.

I just hope they keep paying furlough until October, but I'm somehow doubtful.

 

:(

 

Redundancy notice can be paid with by furlough.

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Sorry to hear that @No One, but you won't be the last to hear this kind of news over the coming weeks. 

As I've said before (not bragging), I have about the safest job out there (if it goes then pretty much the entire economy is finished). I came to the UK on holiday in Feb to consider moving back here and quitting that job. 

I don't envy anyone who has to try and obtain new employment in the current climate, so much so that I have made a complete 180 on my original decision. I will re-evaluate in 6-12 months. 

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Talking to a friend today who is in charge of small IT company. He's advised staff not to just kick back during furlough and expect to come back.  Think in regards companies the virus has sought out any pre-existing conditions just like it has for medical cases.

Don't think anything was actually resolved in 2008, so whatever happens, whatever the trigger, we've got a few decades of insanity to thank for it.  Maybe under the circumstances it will give government the excuse/threat to actually look after the interests of their own population for once. 

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7 minutes ago, The Generation Game said:

Sorry to hear that @No One, but you won't be the last to hear this kind of news over the coming weeks. 

As I've said before (not bragging), I have about the safest job out there (if it goes then pretty much the entire economy is finished). I came to the UK on holiday in Feb to consider moving back here and quitting that job. 

I don't envy anyone who has to try and obtain new employment in the current climate, so much so that I have made a complete 180 on my original decision. I will re-evaluate in 6-12 months. 

Pornhub account supervisor?

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50 minutes ago, stokiescum said:

Seriesly ?

Normally there’s PILON (Pay In Lieu Of Notice) as part of the redundancy calculation. However you can spend your notice period on furlough at the expense of the taxpayers and you’re cheaper to sack! What’s not to like (if you’re a finance director)?

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On 30/05/2020 at 15:36, Melchett said:

As predicted on here since the start of the furlough business, this is sadly inevitable and will become increasingly common.

As I wrote a few weeks back, if the world/your employer has got by without you at work for the last few weeks, chances are that’s how it’s going to be going forwards too in the new normal.

Not for my tat-purveyor employer. I go back tomorrow.

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6 minutes ago, JohnThePessimist said:

Normally there’s PILON (Pay In Lieu Of Notice) as part of the redundancy calculation. However you can spend your notice period on furlough at the expense of the taxpayers and you’re cheaper to sack! What’s not to like (if you’re a finance director)?

This is what my brother is doing. He is still getting the 20% top-up from his employer too.

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On 30/05/2020 at 15:26, No One said:

My company made all the furloughed workers attend a web presentation telling us how fucked the company is.

They are thinking of sacking 200 of us, all service contractors to other companies in the engineering sector.

I just hope they keep paying furlough until October, but I'm somehow doubtful.

 

:(

 

I think there's going to be a resurgence in the on-shore engineering and manufacturing sectors... It might not happen straight away, but if you're good at your job you'll not have to worry - if you get moved on you should be ok for more work in the future 

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