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Old 24-07-2008, 20:05   #21
NicolaUK
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I work for myself so therefore no redundancy here but my OH works for a developer and they've made huge cuts across the board (Half of his department and 35% of total staff laid off, no new company cars or office equipment) He said yesterday that several of their subcontractor have put all staff on notice of redundancy
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Old 24-07-2008, 20:06   #22
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We are up the walls. 12 hr shifts for the next month or so.

Cant really complain.
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Old 24-07-2008, 21:07   #23
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our share price dropped 90% and we've had 1200 job losses, so we've been hit big time
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Old 24-07-2008, 21:28   #24
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I work for IT in a hospital and so it's business as usual
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Old 24-07-2008, 21:54   #25
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We seem to be hiring more people at the moment, but our bonus isn't looking good (although that's due to events happening as opposed to the economy). I know lots of people who are saying their companies are experiencing slow-downs though.
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Old 24-07-2008, 22:28   #26
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I have friends who still work in the advice sector and they are telling me that some 40% of new clients have debt problems and/or housing problems caused by debt.

Bankruptcies are up and there are a lot of credit card/personal loan companies who are going for charging orders on clients property.
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Old 24-07-2008, 22:29   #27
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Work for a bank/credit card company, we can't get enough people at the moment, jobs in my team going up for the 3rd time tomorrow.

Although I don't think it will take much for that to change, seen it happen before almost overnight from hiring to recruitment freeze to redundancies.
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Old 25-07-2008, 00:42   #28
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Well not affected my company as such, but between the credit crunch and the currency situation the company's profits arnt going to be great this year.

Financialy NZ is pertty stuffed, reserve bank has just droped rates from 8.25 to 7.95 in the face of rising inflation, 3rd largest investment company Hanover finance) has just frozen all assets (26 others have called in recievers), fuel, food etc are all skyrocketing and companies are ofshoring jobs as fast as they can. Oh and the property market is in official meltdown.
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Old 25-07-2008, 10:54   #29
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40000 less employees in the last few years, massive cuts on future product development, share price down by 70% and lowest for 10 years. No budget for anything I would say things have been better at my place
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Old 25-07-2008, 11:05   #30
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Quote:
Originally Posted by twinkle View Post
glad to hear things have worked out pythons.
Thanks twinkle, much appreciated.

Quote:
Originally Posted by Radiohead;
165 were made redundant 2 weeks ago, me included
I'm sorry to hear that Radiohead, it can be a real kick in the teeth. But then I do believe that sometimes adversity can be good for you and from my experience (three redundancies) these things do seem to work out for the best in the end. I hope you manage to get something sorted ASAP!

Mark
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Old 25-07-2008, 11:20   #31
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OK, this morning we had 'the email' from the head huncho, that's there's going to be redundency's and one of my co-workers now has just been told his role his under a 30-day review

Poor guy is cut up about it, he has a family with 2 young kids.
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Last edited by Roberto; 25-07-2008 at 13:14.
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Old 25-07-2008, 11:53   #32
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Was made redundant 3 weeks ago, still no luck finding a new job yet.
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Old 25-07-2008, 12:09   #33
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i know we're for sale, but depending who buys us we dont know what will happen yet.

Last edited by chrisjm; 25-07-2008 at 12:09.
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Old 25-07-2008, 12:49   #34
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No issues here - we've always been cheap though and never spend anything we don't need to. Suppliers hate us.

Spose I'm lucky really, I "work" in two industries and neither would really ever be greatly hurt by a credit crunch.
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Old 25-07-2008, 13:01   #35
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Luckily i work in education so it's not affected us and I'd be surprised if it did :fingerscrossed:
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Old 25-07-2008, 13:07   #36
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Luckily i work in education so it's not affected us and I'd be surprised if it did :fingerscrossed:
Depends which sector, but schools can be closed after falling rolls or a bad OFSTED, college courses are frequently cut after poor enrolments (including whole departments), snd many Unis are now fearing very big staffing cuts if their budgets are cut further
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Old 25-07-2008, 13:09   #37
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Depends which sector, but schools can be closed after falling rolls or a bad OFSTED, college courses are frequently cut after poor enrolments (including whole departments), snd many Unis are now fearing very big staffing cuts if their budgets are cut further
This is my college I'm the multimedia manager so I'd be surprised http://www.osfc.ac.uk/spotlight/004.asp
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Old 25-07-2008, 13:11   #38
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Thanks for the words all - I was made redundant in 2002 and was fine so I'm not overly worried. I've an interview next week and some other good possibles in the fire.

Roberto - IME once the 30 consultation starts it's game over. I elected to sack it, and take the period as pay instead as it's tax free.
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Old 25-07-2008, 13:38   #39
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This is my college I'm the multimedia manager so I'd be surprised http://www.osfc.ac.uk/spotlight/004.asp
A new principal and/or an organisational restructuring is all it takes nowadays, so don't be too confident.

Last edited by Dick Long; 25-07-2008 at 13:40.
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Old 25-07-2008, 19:53   #40
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LSC can do anything to a college, they can take 30% of your funding if you do not meet numbers or mess an audit up no problems.

try working with 30% less margin
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