Is your job affected by the credit crunch and current economic conditions?

Jonbvn

I may be affected, but only if we go it all gets much worse than it is now.

ess0two wrote: »

No fears,i work in the 2nd largest oil refinery in the UK,if we run out of oil fair enough,but then everyone suffers.
When Ineos shut Grangemouth for a week the ripples were felt down south with supply of products etc.
I'm also considering ventures in Qatar but feel i'd miss old blighty too much.

I work for a MNC Oil Co. If the oil price dropped below $25 then I think I may be in trouble. Certainly not recession proof but more fortunate than a lot of people.

ess0two

No, I have no fears about job security.

Jonbvn wrote: »

I work for a MNC Oil Co. If the oil price dropped below $25 then I think I may be in trouble. Certainly not recession proof but more fortunate than a lot of people.

With oil its either upstream or downstream profit,i'm downstream so should see profit increases.
When oil was at $120+ as a site we were grossing £3m a day,as you say not fully recession proof,but opec should take care of propping the price up.
Whats your line of work?we are currently undertaking a recruitment drive due to aging workforce,i'm process op's.

treliac

I may be affected, but only if we go it all gets much worse than it is now.

OH has been made redundant three times during working life - twice when children were tiny. Hopefully all will be okay. I'd hate to have to go through it again.

pickles110564

No, I have no fears about job security.

!!!!!!? wrote: »

Amazed at the number of people who in general (not just this poll) seem to think they won't be affected at all in a recession. Obviously similar thinking to the "my house won't drop in price" mentality.

!!!!!!? The Port has never been affected by a recession and we are still going ahead with a £400 mill expansion and also will be dualing the branch line and investing in making some northern routes W10.
The Port has had to guarantee taking on several hundred new staff to get FSR accepted.
I am pretty sure I will be safe.

Kez100

I have no idea and I am scared I will be affected.

misskool

kunekune wrote: »

As a university lecturer, my job is quite secure (in the list of 'most secure in a recession'). However, that doesn't mean that it stays equally satisfying. We may well get more students (no jobs = incentive to stay in education, plus preference for professional rather than arty courses) but we would need to service them for the same or even less money. So that means more pressure, fewer opportunities for promotion but at the same time even longer hours than we already do. The ones who will get through are the ones who are able to go up from the current average of 50 hours a week to 60 without their domestic lives falling apart.

Research funding is always the first area to be cut (unless you can prove a true economic impact) and there have been unprecendented levels of research funding in the last ten years. That's the boom time*, it's now bust (even for research).

*and I heard that from a top policy maker of one of the UK research funding councils

There will be cuts when universities run low on funding, especially after the next RAE exercise

Jonbvn

I may be affected, but only if we go it all gets much worse than it is now.

Given the media ideal of economic Armageddon, then quite frankly no job is safe.

The only upside I can see to such a situation is that the Gruaniad, Eco Warriors Daily (Independent), Daily Diana et al would no longer be printed....

As they say every cloud has a silver lining.......

baileysbattlebus

I don't work - gave up in July 08 and I haven't bothered to look for anything else.
During the last recession I worked for a big international company and kept my job, but we took a 3% pay cut and then had no payrises for 3 years. I felt quite lucky to have a job, especially as it was in manufacturing.

OH works for NATS in the control tower at Heathrow, he has worked for NATS for 30 years and was uneffected during the last recession. At present they are understaffed. I don't think he will be effected this time - unless flying into Heathrow stops.
He is 54 and has a good final salary pension which he is able to take when ever he wants - we had planned on his retiring next November, but that has been put on a back burner until the housing market picks up a bit. Not because of falling house prices but because of the lack of buyers at the moment. We have a large house and hadn't on living in it post retirement.

As !!!!!! says no job is secure or guaranteed to survive a big down turn, but some jobs are more secure than others.

My daughter works in recruitment and recruits for insurance companies of all types - she has seen a slight slow down in job numbers but nothing drastic yet. I guess people always need insurance, commercial, household, health, motor, etc. However, her colleagues in financial services are struggling a bit.

But it's early days yet, it will probably get a lot worse before it gets better.

moneysaving_pharmacist

No, I have no fears about job security.

I'm a community pharmacist for a family owned group that has over 80 pharmacies in the south east, as well as a wholesaler and a couple of highly regarded nursing homes. OH is a secondary school teacher, so we are in the lucky position of having no worries about job security.

SandC

I feel my job is at risk as a direct result of current economic conditions.

I too find it a little worrying that most respondents seem to think their jobs are safe.

Not that we should all be 'doom and gloom' but surely it's at the back of the mind in most jobs? Maybe it's cos I'm in manufacturing............. maybe because it's happened to me before and not in a time like this.....