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Gnan
20-02-06, 11:55 PM
well to compound a bad few months seems like my employer is doing a redundancy cull due to sales taking the **** and not generating any revenue this quarter... and our team is up for selection... :| :| :? :(

stewboy
21-02-06, 12:35 AM
sorry mate :(

Foey
21-02-06, 09:45 AM
well to compound a bad few months seems like my employer is doing a redundancy cull due to sales taking the p*ss and not generating any revenue this quarter... and our team is up for selection... :| :| :? :(



Sorry to hear that, when you say that your team is up for selection do you mean along with a number of other teams, i know it still makes you feel down but maybe your'e team wont be picked.

Halonic
21-02-06, 09:53 AM
Well look on the bright side, you have forewarning and a redundancy payment coming up, giving you time to find a new job and nice cash lump about to land in your lap.

Upsides to every apocalypse

Lou M
21-02-06, 10:44 AM
I'm in the same boat.
After 17 years here, I'm s**t scared.
One side it's great, as I need a kick up the a*** to go and do what I really want - accountancy. But on the other hand I've never been out of a job, never walked into a job centre and haven't a clue where to go to 'sign on'.

And my biggest worry is can I afford to keep the bike?

But everything for a reason - September here I come!

:? :? :?

timwilky
21-02-06, 11:29 AM
If it happens it happens. Once companies were embarrassed to have got themselves into a position where they could not fully occupy their work force. Now it is a fact of life.

I am in the silly position that having spent 20 years with the same employer redundancy would feck up my pension provisions. They also know that they have you by the balls. They can **** you around with crap wage settlements etc in the knowledge that you ain't going to walk as there is a potential £50,000 redundancy settlement.

My advice to anyone these days.
1) Keep your skill sets marketable
2) Never stay with the same company for more than 5 years
3) Sort out your own pension provision, don't stick to just a company pension
4) Be your own boss

Gnan
28-02-06, 04:57 PM
well i didn't go :D unfortunately we lost two members of my team though :(

timwilky
28-02-06, 05:14 PM
The problem being your team will be expected to cover the work done by the two redundant staff.


Errr. that shouldn't be right as it is the job that is redundant. if the work is to be done by others then it is not redundancy.


Having said that most companies use redundancy as a deadwood exercise. it is generally about the the 3rd round where they start inflicting wounds that hurt and by that time you really want to be out of it.

Get the CV upto date, grab any training going. Start looking.

What I have noticed is that your best staff tend to leave of their own valition about 3 months after a redundancy exercise as marketable staff have started to look outside just in case it was their name on the list and suddenly the right job comes up and they jump ship. You just get those with long term employment staying put as they can't afford to miss out on any future redundancy package

K
28-02-06, 06:35 PM
It's not nice when you know its going to happen, but just don't know who to. Good to hear that you are off the hook for this round - are there likely to be further ones or have the company said that this should be it?

I'm in a similar situation at the moment too - well, similar in that I'm waiting for an axe to fall that my employer hasn't mentioned yet - but it's not paranoia, I know it's up there somewhere.

I've had two longs runs of time off due to my knee, 5 weeks off when it first failed me 7 months ago, and now I'm on my 6th continuous week (two weeks with a bad should caused by using only one crutch to walk with, then four weeks after the op to stick a camera in there to see what was wrong in the first place) with another 2 to go before the Dr will consider allowing me back (if then).

I can understand them firing me for that amount of time off when I've only worked ther since January last year - but nobodies said anything so I just keep my head down, gob shut and post in my sicknotes.
With nothing but statutory sick pay though it's a good job I've so much tat I've been managing by selling it on eBay of all places. Hell, it's paid the bills! :roll:

Lou M
02-03-06, 12:58 PM
I'm still going :cry: :cry:
Just waiting for the letter to tell me what date to shove off.

K
02-03-06, 03:52 PM
How difficult would it be for you to get into Accountancy Nutty? Have you got qualifications or would you need to do the whole 'college' thing first?

It's easy to say "don't be scared" but much harder to do - but things will come good for you I'm sure. You have something you want to do, and you have reasons to get out there and do it - like keeping your bike and feeding the kids. In other words you are motivated and that will get you through.

Lou M
02-03-06, 04:20 PM
I'm in my first year of AAT, thank goodness. There are jobs around here of the 'trainee' type, and at least they'll take me seriously because I've already started the course.
It will mean a big salary drop, but the redundancy money should help off set that for a while.
But money isn't everything - being happy is!