- Sad day at work.
I’ve just been into work this morning, got called into the office and was made redundant – couldn’t believe it, still shocked if the truth be known. Got quite a decent ‘farewell package’ but had to hand over my phone, laptop and credit card there and then. Get the car for two months though, just about enough time to travel to all the UK trail centre’s.Posted 9 years ago
I work for the same company as Takisawa2, the company produces Pneumatic Solutions / Fittings, Valves, Cylinders for various industrial / Transport / Medical sectors.Posted 9 years ago
Our Fittings Division supports 2/3rds of our productive output usually, but this has dropped dramatically on a week by week basis – 3 shifts + weekend shifts down to mostly day shift – never seen so many machines standing idle in the 16 yrs I have worked here.timdraytonMember
muffin man, personal or business?
i am looking at personal bankruptcy, and am not happy at the prospect of losing my bike, what advice have you been given re personal property and what receivers consider worth taking?
my advice has varied from, “they’ll take everything”, to “they’ll take everything they can sell for £1000 or more”… big differencePosted 9 years agoTaffMember
we’re counting ourselves lucky at the moment. I’m in the contruction industry and we didn’t get a pay rise or xmas bonus… instead we stay on sam pay but leave a couple of hours earlier on a friday.
Muffin & Tim – really sorry to hear that. My family went filed for bankrupcy in the last recession. Cna you not give your bike to a friend? I know it’s technically illegal.. unless you set up an agreement to sell it to him for a pound and then he gives it back after x weeks/months? Things can only get better and hope you can sort things outPosted 9 years ago
muffin man, personal or business?
Partnership so they are both combined.
My advice has been that they will only take things of reasonable value, they won’t go through your house and strip every ornament and piece of furniture out (unless they are valuable antiques etc). You will be asked to disclose anything that is of value (jewellery, furniture, cars etc) and they will decide wether it is worth the hassle to realise a few hundred quid or whatever. I have spoken to an Insolvency Practitioner and his best advice is to be straight and honest with the official receiver, if you hide any facts they have massive powers to keep you bankrupt for many years or charge you with purgery (sp!).
Just be prepared for anything though, but from the advice I have been given is that most people have little of any real value that is worth going after. DVD players, simple HiFi stuff etc is worthless at auction.
One thing I will say though is don’t be afraid to speak to friends and family about it, you never know who they know and who can help you. The Insolvency Practitioner I spoke to gave his time free as he was a friend of a business connection.Posted 9 years agobinnersSubscriber
Muffin and Tim – Sorry to hear all this guys.
I’m sat nervously awaiting a meeting with our biggest client. They owe us an awful lot of money and I’m preparing for the worst. I suspect (with very good reason) that they’re about to go under, and we’ll see none of what they owe us. In which case, I think we’re likely to go down with them.
Its an utterly depressing state of affairs as you just feel so powerless
Arse!!! 🙁Posted 9 years agoCaptainMainwaringMember
Commiserations to everyone who is effected. May be joining you soon as I currently only have a temporary contract until the end of March. The only tiny, tiny silver lining to the cloud is that from redundancy experience two years ago it gives you plenty of time to get out on the bike – takes your mind off things as well.Posted 9 years agowheelzMember
I work for a Japanese company and my boss got told on Christmas day that the project they had planned for 2009 was cancelled, despite having more than 35 people under contract. The rest of us were informed on 29th December.
It’s been a bit of a worrying time, but today we found out that they would pay out the contracts in full, which means I get a year’s money in return for terminating the contract early and I can carry on paying my mortgage for at least the next 12 months.
On one hand I’m disappointed because I’ve done the same job for eight years and really enjoyed it, and on the other hand it’s the perfect opportunity to make a career change and reduce the amount of time I spend away from home – 250 days last year – which is important now the kids are getting a little older.
I’m lucky compared to most, as at least I can afford to take some time out to look at all the options before making a decision about what I want to do in the future.
The worrying thing is that I’ve only been unemployed for three weeks and I’m already climbing the walls at home, mainly because I bust my arm on Boxing Day and can’t ride the bike at the moment!Posted 9 years agotimdraytonMember
thanks for the comments guys, but financially i am not in too bad a situation (or perhaps i am just used to it?)
I became a full time carer for my missus a couple of years ago, and so am forced to use the benefits system.
The credit crunch has not affected us too badly as we had already “crunched” as much as we could two years ago (well paid job to bare minimum).
I am looking at personal bankruptcy as this has been suggested by our creditors, they want to reduce their admin incurred by rearranging agreements every 6/12 months, as my situation is not going to change for the forseeable future. (well hopefully not!)
I really feel for those losing jobs with kids and houses to worry about, I know whats its like to live with worry and uncertainty, but its worth saying that material possesions arent the most important part of life.Posted 9 years agotakisawa2Subscriber
Just think, all the above gloom is from just a few hours of one day, & on one little internet community. Now consider the bigger picture, countrywide, day after day.
Itchy, Muffin…best of luck chaps.
On a lighter note tonight’s night ride is looking good, as is the weather for my planned trip to Derbyshire on Sat.Posted 9 years ago
Feel better already.projectMember
well im self employed so cant be made redundant , cant get a payoff or income support etc, the phone hasnt rung for more than a week, theres no emails, and things are looking bad.
(must go and pay the phone bill and get reconnected) sorryjoke in poor taste the last bit that is.Posted 9 years agoBillMCMember
Blimey, so much bad news going round. I hope people who have lost their jobs can use Singletrack for meeting up, getting lifts and generally being supportive and being supported. At least mtbers can get that endorphin release and fitness which will be absent in so many lives.Posted 9 years agoMarin_Maketh_The_ManSubscriber
We all got called in to a big meeting today, timed so that each of our UK offices had the meeting at the same time….. Everybody feared the worst.
Found out that many of our offices have put everybody on redundancy notice, but thankfully our office has escaped it, for now. Still, working in construction / engineering, it’s only a matter of time unless things improve rapidly.Posted 9 years agoNZColSubscriber
**** me – i must say I feel wuite far away from all this – the recession hasn;t bitten quite like this in NZ as far as I can see. We’re doing the opposite – i’ve just taken 2 people on to make sure we can meet our workload in the next 6 months. Although after that it could all fall apart I suppose. Sorry to hear of all the bad news guys – can;t offer much more than enjoy as much as you can the time off you get and best of luck finding something new.Posted 9 years agoHairychestedMember
Good luck chaps, seems many of you are in need of it. I, for now at least, work for myself, at least till the end of July. With a bit of luck the contract gets extended so another 3 years or so will follow.Posted 9 years ago
It isn’t for me to tell you what you should or should not be doing so I’ll tell you what I did some 5 years ago when I got fired for calling my manager “a **** a$$hole” (he asked if I thought he was a w**ker to which I replied I had no knowledge of his way of spending free time; he didn’t like it either). I went home, had a bonk and decided to follow my hobby and concentrate on teaching people how to ride bikes.
At the moment I have 1 full-time guy, 1 part-time and a couple of every-now-and-then’s, plus myself.
I’d say have a good think, make a decision and go for it. You must have skills that are needed. If they aren’t, create a market for them. I don’t know, maybe Swinley Forest MTB Guide for Families?
Whatever you choose to do, don’t sit and wait.
All the best!
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