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Monday is announcement day.

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  • savingholmes
    savingholmes Posts: 28,958 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I've not been in the situation of still being there, but it can't and won't be easy on anyone, left or gone

    Hope it dosen't come to it, but have you got an emergancy plan
    CV up to date, and qualification stuff, possible refferencesthat sort of thing
    No harm in getting a few irons in the fire
    Make a worst case senario budget

    Hope you stay in work:A
    I'm with Numpty on that - I started sending out my CV as soon as my job looked at risk. I also wrote myself a catastrophe budget to see if we could live on OH's wage if we had to - and we could it will be a struggle but we could. We also started putting away some savings for emergencies a few months ago - this is so we can carry on meeting our minimum payments if I lose my job - which I do today.... Luckily tho we have quite a bit saved up now so hopefully we will be okay until I land that next job...
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • Andy_Davies
    Andy_Davies Posts: 187 Forumite
    Part of the Furniture Combo Breaker
    Well, it's all happened. It wasn't actually quite as bad as I expected.
    Actually, bin that, it was just as bad as I expected.

    I wouldn't wish anyone to go through a day like today. Everyone sitting around waiting and knowing if they're asked in then it's bad news.

    At the moment I've still got a job. Facebook is alive with stories. Tomorrow it's survival mode for everyone left.

    I know what it's like - I used to work for a company that was based in the top floor of what's now Renishaw's in Woodchester - in early 2002 I had the pleasure of making a stack of people including myself (and my now wife) redundant as our parent company decided to shut us down.

    It's not easy whether you go or stay, or whether you're the guy having to make the decision.

    Hope it works out for you...
  • ceridwen
    ceridwen Posts: 11,547 Forumite
    10,000 Posts Combo Breaker
    Good luck with the future....and I'd put in a little word with people about being careful about what they say on "Facebook" - dont forget those privacy settings. We've had another thread on here recently about employers checking out Facebook....:eek:
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