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Is your job affected by the credit crunch and current economic conditions?
Comments
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I feel my job is at risk as a direct result of current economic conditions.Absolutely. I answered that I feared for my job because quite frankly I don't believe any position in this company, no matter how indispensable you appear to be, is safe. I am one of 2.5 PAs (one is part time, retiring completely in January) in a manufacturing company. So you might think, well they are bound to lose sales people before only having on PA? Hmmm, I'm not so sure myself........ maybe they want to retain sales to try and drum up new business and let the office dwellers cope with fewer staff?
Anyway, not convinced I am ever safe.
You remind me of when I was made redundant some years back. It was so upsetting but it did make me feel better when talking to the HR officer who was charged with doing all the follow up stuff told me she'd been made redundant 4 times in the past. Then explained she would be involved in large numbers of redundancies and be working all the hours under the sun, then when that job is completed she would then be the one surplus to requirements and out she would go.
Hey ho, following on from my post above of last Friday formal notification of consultation period for around 15 monthly paid redundancies has been given today. Those under consideration will be notified some time next week.
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I may be affected, but only if we go it all gets much worse than it is now.The only way it's affected me is by a very timely pay increase..
Thanks to the slow to getting things done council my cost of living increase (5% odd) should come in soon.. Good since inflation is slowing down.Savings
£14,200 with £1100 M.I.A. presumed dead.0 -
yoxford2008 wrote: »I do not think my job will ever go...[....]
I am an Undertaker.
I'm going to help your trade, by lighting up a cigar
I used to have a signature but it disappeared and I just couldn't be bothered writing another, so please feel free to ignore this.0 -
Not sure.I'm surprised how many are confident there jobs are unaffected, honestly would have thought that in what look like unprecedented times that anyone can be completely sure.0
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No, I have no fears about job security.I'm surprised how many are confident there jobs are unaffected, honestly would have thought that in what look like unprecedented times that anyone can be completely sure.
I also don't think that anyone can be completely sure, but obviously some jobs are far less likely to 'go' than others. For instance, things will be really bad before the undertaker loses his income - most people find the job that an undertaker does to be very important to them when needed. My husband drives buses, a business that does quite well in hard times as people look for ways to cut their spending and no longer use their cars. In the early 1980s, when he had just started working for them, the recession meant a cut in wages and no pay rises for a couple of years and I would expect this to happen again in the foreseeable future, but I am still quite sure his job will be reasonably ok.0 -
I feel my job is at risk as a direct result of current economic conditions.I'm an estate agent, so I am concerned. Started in this business in 1991 and I can't remember it being this bad. It may have been in '89/90 when it all kicked off.
I don't believe any job is immune from being affected by what is going, even those funded via local or national government. These bail outs will have to be paid for somehow & cutbacks in government spending will happen.
My brother in law is chief exec of a council, they are looking at laying off 250 non-essential staff, with more cuts next year.0 -
I may be affected, but only if we go it all gets much worse than it is now.Hoping that noone lse has lost their job since this thread last month. DH still has job but there is no doubting that employers are tightening their belts. Unqualifieds are having their lunch bills qustioned, loss of equipment (laptop cables, blackberries, security passes etc) is replaced at the cost of the person who lost it and foreign seats have been all but stopped and in firm social events are being capped 'to reflect the economic climate'. If thats the extent of the changes for us then we'll be extraordinarily releaved.0
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Heard on the radio that the signs that the crisis has well and truly stretched beyond the property and financial services industries.
The caravan manufacture industry local to me has been decimated
When you start to hear about pharmaceutical http://www.telegraph.co.uk/finance/3441341/GlaxoSmithKline-to-cut-a-further-620-British-jobs.html and telecoms layoffs http://news.bbc.co.uk/1/hi/business/7722644.stm , you know that only the tax man and undertaker are safe.
All businesses rely on bank funding of some sort - if they have a problem with their funding or servicing it (see even Virgin Media) we all stand to lose our jobs. I just wish some of the 'geelful bears' would see this aspect of the current economy and not just the effect on house prices.
Even my brother who is in a very senior, supposedly recession proof IT based role and very bullish about his use to society (and very dispariging about mine) is cacking it now.I am an IFA (and boss o' t'swings idst)You should note that this site doesn't check my status as an IFA, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Not sure.HelpWhereIcan wrote: »Heard on the radio that the signs that the crisis has well and truly stretched beyond the property and financial services industries.
The caravan manufacture industry local to me has been decimated
When you start to hear about pharmaceutical http://www.telegraph.co.uk/finance/3441341/GlaxoSmithKline-to-cut-a-further-620-British-jobs.html and telecoms layoffs http://news.bbc.co.uk/1/hi/business/7722644.stm , you know that only the tax man and undertaker are safe.
All businesses rely on bank funding of some sort - if they have a problem with their funding or servicing it (see even Virgin Media) we all stand to lose our jobs. I just wish some of the 'geelful bears' would see this aspect of the current economy and not just the effect on house prices.
Even my brother who is in a very senior, supposedly recession proof IT based role and very bullish about his use to society (and very dispariging about mine) is cacking it now.
Yet a plurality of people who voted on the poll seem to think their job is safe.
It might be for some but for a majority of people, no way. Even though most people will keep their job, to think it's safe is just not realistic.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
No, I have no fears about job security.!!!!!! would it make you happy if everyone lived their lives in a constant state of fear?18 May 2007 (start of Mortgage):
Coventry Offset Mortgage £220800
Offset Savings: £0
Mortgage Balance: £220,800
14 Jan 08
Coventry Offest Mortgage: 219002
Offset Savings: 28200
Mortage Balance: £190802
And still chucking every spare penny into it!0
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