Viewing 40 posts - 1 through 40 (of 61 total)
  • What’s the worst business to be in at present?
  • matt_outandabout
    Full Member

    I thought airlines, however reading this I’m not so sure.
    $4.4bn loss,complete collapse of bookings and still a quarter of your staff stuck at sea.
    https://amp.theguardian.com/business/2020/jun/18/carnival-sell-cruise-ships-bookings-coronavirus-pandemic-holiday

    thisisnotaspoon
    Free Member

    Oil, literally couldn’t give it away.

    I actually work in design side of it which then get’s hit exponentially, at least the refineries are still open and employing people, there is zeeeeeeeeeeeeeeeeeeero work out there for those of us who design them.

    alanl
    Free Member

    Pubs, Travel agencies, Office rentals, shop landlords, sit down restaurants, shops without online sales, hotels especially Travelodge type where they expect to be full with working people during the week. Loads more candidates too.

    RichPenny
    Free Member
    lapierrelady
    Full Member

    The arts, culture and heritage sector? Lots of workers are freelance and have fallen through the gaps, venues can’t open until social distancing is ended, unlike the airlines, and whilst they can draw down on the furlough scheme, they will be unlikely to open by August when it starts to decrease at which point venue after venue will go into administration.

    n0b0dy0ftheg0at
    Free Member

    Southampton’s Mayflower Theatre apparently announced they won’t open until December! 😮

    supernova
    Full Member

    My job – travel photographer.

    fasthaggis
    Full Member

    The arts, culture and heritage sector?

    Yup,theatre,cinema ,concerts,museums ,exhibitions it’s a horrendous situation ,with no easy solution for their future .

    alpin
    Free Member

    Event industry.

    I’ve been doing Event and exhibiting work for the last many years

    I’m fortunate that I’m a decent, motivated chippy, and I’ve got off my arse and have been busier with private jobs than I ever have been with event work.

    However, for the light, sound and tech guys they are screwed. Can’t really turn their hand to anything else. The equipment they use can’t be put to use anywhere other than large events. No sign of anything on the horizon. Lots of them freelance.

    I’m sure there are other individual cases, but as a group they are pretty hard hit.

    garage-dweller
    Full Member

    I work in restructuring and imo there is no one “worst” because so many aspects are interlinked. Airlines, property and hospitality look bad but there’s all their supply chain and customers who get knock on effects. An airline (for example) going into insolvency would attract massive attention but like the Rover failure it would tear the heart out of much more than the headline grabber.

    The roadmap for return to business as usual is missing pages 3-75 at the minute. We don’t know what will happen with covid. At the minute you’ve caught the main areas with potentially the heaviest losses but the high street has resurrected itself before and at least there’s a model for how to restructure their debt (although many have already used it) and as we’ve already seen some possible latent demand to kick-start it.

    You could find an issue in just about every industry that’s POTENTIALLY going to cause significant post covid disruption. The question is which ones will “bite” at the end of the day.

    Best analogy I can think of is Google route planner in maps. Before you leave it’ll take a best guess at the route and traffic but until you’re actually driving it the state of the traffic and where the potholes are won’t be certain and even then it only takes one minor mishap to block the whole road again.

    frankconway
    Full Member

    +1 for arts, culture and heritage.
    As for the cruise sector – vampire tourism sums it up for me; in addition, what about the massive profits Carnival and others have made for years?
    Here’s their statement for Q4 and FY 2019; note the comment about ‘…robustness of business model’.
    https://www.carnivalcorp.com/news-releases/news-release-details/carnival-corporation-plc-reports-fourth-quarter-and-full-year-6

    Northwind
    Full Member

    I’m going with arts and arts events. Not just because they’re getting a kicking- though, of course they are- but also because it’s an industry with countless small business and small groups and sole traders, it’s not a particularly wealthy industry but it has pretty high costs, many of which are fixed, and it doesn’t have the sort of corporate hitting power that other parts of the events industry has.

    Also, it seems entirely to be expected that whatever industry support is offered, will be mostly to the honeypots and to the parts politicans like. Money for big theatres, national organisations and opera, not a penny for independent music venues.

    (huh. After writing that, I’m now going to disagree with myself- the sex industry is probably worst of all. Even less chance of government support (well, except the usual direct funding…), the parts that are still funtioning are the riskiest, and so many of the people involved would be very financially stressed.)

    reluctantjumper
    Full Member

    Another vote for the arts-based workers. Theatres won’t open this year at all, festivals are a no-go and when they do open back up there will be a lag as shows are fighting for funding and the usual delay of rehearsals before the paying shows. My sister manages a theatre and they are having to rely heavily on emergency funding from a few sources to get them to 2021. The ‘casual’ staff they use for shows are in for a really tough time.

    iolo
    Free Member

    Tour guide in Austria. I work mainly with Chinese, American, British and Australian guests.
    It*s a bit quiet for work.

    yourguitarhero
    Free Member

    Arts – all the folk I know who make their living from it have missed out on government support due to their work contract terms. Every single one of them.

    2bit
    Full Member

    Events/Arts are in a bad place

    Theres no current gov guidance for events & opening back up

    With 2m SD in place the industry agrees that max capacity for seated stadium & venues is 30%,less for certain event types, whilst having to retain 100% of facilities open ie 100% costs. That’s without any additional costs for PPE, screening kit/processes, longer opening hours to allow for the screening processes etc etc

    Lots of freelancers whose sole income is either live events or arts based venues ie theatre.

    With no way to put on financially sustainable shows/events then venues, theatre companies, events companies, freelancers, suppliers etc are going to find it v v tough without Gov bails outs & support.

    aP
    Free Member

    The real change is about a month away from becoming apparent. That is when the huge wave of redundancies will happen. It will affect every sector of the workforce.

    captain_bastard
    Free Member

    I’ll agree with everything above. From a personal perspective, I had a full seasons work booked in working on festivals and events so have lost my entire years income, I know lots of good friends in the industry who are in the same position. I expect a lot of festivals won’t be on next year.

    It’s a double blow for the events industry. Brexit is going to hit it hard, most people don’t realise just how big an industry it is in the UK, and how much of the work is across Europe for which we rely on frictionless movement

    On the bright side, we are really good at it, and people will want to get back out and have a good time, so hopefully things will get back to some sort of normality

    ajantom
    Full Member

    I know two live events engineers – one lighting and stage/monitor sound, and the other front of house sound.

    Both have had to move back in with parents as they can’t afford to live or pay rent. Both in their 40s.

    I expect a lot of festivals won’t be on next year

    I know that some (Shambala?) are asking people for donations so that they can keep on staff and be able to run next year.

    coconut
    Free Member

    Cinema Industry must be in big trouble, huge overheads on the premises and staff, they won’t be opening for a long time. Several of the big players are already swamped with hugh £billion debts.

    Cruz boat Industry – Who in their right mind would book a holiday on one right now.

    Sports therapy – One on one contact will not be possible for a long time

    Dental hygenist – very tricky to social distance…

    Arts & Festivals

    avdave2
    Full Member

    However, for the light, sound and tech guys they are screwed. Can’t really turn their hand to anything else. The equipment they use can’t be put to use anywhere other than large events. No sign of anything on the horizon.

    That’s us, no idea when we’ll be going back if ever. The irony of it is that 90% of our work is for clinical trials meetings which most people never even thought about until now. Our work is also nearly all outside of the UK which adds even more problems. We like much of the sector are just a small company who also employ a lot of freelancers. 55 this year so no idea what I might be able to find. Funnily enough though I only ended up doing this by accident as a stop gap after taking voluntary redundancy from the MOD. Who knows what might be round the corner but I’ll just have to do anything that turns up.

    Nobeerinthefridge
    Free Member

    The arts for sure, which obviously includes guys in avdaves line of work too, loads of freelance folk and folks going job to job who’ve found themselves with little if any support.

    cubist
    Free Member

    RichPenny
    German Sausage Factory

    That really would be the wurst!

    piemonster
    Full Member

    Another household here with most income from the events industry

    Its a ******* cluster****

    ElShalimo
    Full Member

    Door to door double glazing salesman

    lunge
    Full Member

    Based entirely on people I know, I wouldn’t want to be a stand up comedian at the moment.
    And I wouldn’t want to be in hospitality recruitment either.
    And I’m not sure the commercial property sector is going to be flying either.

    poolman
    Free Member

    I just follow the markets as to where I think the economy is going, Cineworld, Nat express, carnival, any snippet of the virus return their shares take a further pounding, good news or no news they claw back the losses.

    So that’s the virus I can see the crash out brexit looming as the next challenge.

    The tapering off of furlough will reveal the true extent of the economy.

    n0b0dy0ftheg0at
    Free Member

    Student landlords might be up there, now the previous academic year’s contracts are coming to an end anytime now. Shame.

    jezzasnr
    Full Member

    Sex workers…

    I guess on-line side of things is doing ok.

    eyestwice
    Free Member

    $4.4bn loss,complete collapse of bookings and still a quarter of your staff stuck at sea.

    This landed in my inbox as the industry started to hit problems. Bit of a long read but very enlightening.

    The Hustle – The Economics of Cruise Ships

    I no longer feel sorry for them.

    oldmanmtb2
    Free Member

    I am always impressed by human natures ability to persevere in the face of overwhelming odds. In respect to the economy we have to sccept that (well for the medium term) that much of these industries are not viable unless a vaccine appears very quickly.

    How we manage this, covid 2 and Brexit from a human perspective is beyond me? I think i am fairly savvy when it comes to business but all this isbeyond our control (with the exception of brexit)

    I suppose we have to reshape our collective economies based on little travel business or pleasure, locally produced food, locally produced and consumed services- some of this is a brexity dream but the reality is an intetnal market we have too many people and too few resources- i think hhe whole situation is more dire than most folks think.

    DickBarton
    Full Member

    There are some real grim situations out there…basically anything that relies on footfall is going to have been hammered and is looking like it will still be hammered for a while yet. Once this does blow over, there will then be delay as people will need to regain confidence with socialising before the footfall really picks up again.

    Sounds really daft but when you go shopping at the supermarket – there seem to be 3 groups of people – those who appear to have no awareness of what is going on (so appear to completely ignore any one-way systems or distancing guidance – and until they brush past you, you don’t really know who they are); those who are comfortable with what needs done now and move around the aisles appropriately; and those who are absolutely terrified of just being there – they are very cautious, very slow moving and keep checking over shoulders and moving away if anyone gets ‘close’ to them.

    The first group will probably accept a return to ‘normal’ immediately but their numbers are low; the middle group will be cautious but will start adapting and the last group will be the last to adjust to things being back to ‘normal’. I think the biggest group is now the middle one, but they will take time to return to places.

    Tis has been bad for the world, but I think there is far more to come as we slowly climb out of this and things will be really bad for a lot of people (which really isn’t a good thing). It has highlighted how fragile things are and how linked everything is…hopefully change will come to reduce the fragility (but really unsure how that can be done – maybe focus less on money/wealth/greed?).

    ericemel
    Free Member

    Corona beer sales

    Tom-B
    Free Member

    I’m a musician. Girlfriend is wedding planner. Business is hardly booming 😳

    edlong
    Free Member

    [Student landlords might be up there, now the previous academic year’s contracts are coming to an end anytime now. Shame.]

    Dunno about elsewhere but my lad, and pretty much all his mates, had their houses sorted and tenancies signed for next year by February. He’s got a twelve month rent commitment starting next month and currently no definitive info on whether there’s any face to face teaching happening.

    eviljoe
    Free Member

    It is interesting to see many of you identifying the arts as at risk.  Idon’t know if it is ‘worst’ hit. It certainly feels like challenging times.

    I work in the arts- run a medium scale outdoor participatory theatre company. All of our work is relient upon grants, and up until now all of it has been by it’s very nature public facing.

    We were waiting for two major grants decisions in March when this all kicked in for projects that would have taken place through the summer and into the autumn. Both applications were returned unread as both funders ceased distributing funds. These are applications that took around a month to write, not including research. All this is done speculatively, so we were already out of pocket- that is something you generally accept in this work, as of course not every bid will go through anyway. You balance that up with other freelance work. However, it is still a kick in the teeth to not have your applications read. Had these projects gone ahead they would have led to employment for 12 artists/performers, albeit on a contract basis, and full time employment for myself and one other until September.

    Arts Council England replaced their Projects Grants with an Emergency Fund, which we applied for and received. (Another round of speculative bid writing) This is allowing us to do the work to become a charity, which should open up other streams of funding (before you ask, it is not possible to operate on ticket receipts alone, and to do so pushes prices above what many people can afford- making the work more ‘exclusive’ ) which will also be heavily oversubscribed. We have also had a small commission to create a piece of online work, which has been well recieved.

    So in the short term, we are in a good position and  we have been lucky- we have little in the way of overheads, and are able to grow and shrink with little cost to the company itself.Personal cost is a another thing.

    Long term, it is a different matter. At the moment there is no indication as to if/when audiences will be confident enough to come back, and when grants will open again. We will certainly be changing our model of working (though outdoor participatory work is being held up as a beacon of how things might work in the medium term) to be more community focused (a great little film about the work of a visionary company in this field Slung Low can be found HERE)- national touring will be out for a considerable time.  It is however, incredibly hard to plan at the moment as everything is still evolving.

    On the other side, arts organisations with large overheads, bricks and mortar, are in a much more precarious position.

    My partner is Front of House Manager for a local venue. She has been furloughed, and is spending her time at the sewing machine making masks, the profits of which are donated back into the venue. They have no idea when the venue will open again, and in what capacity, and if audiences will return. Then there is the question of content- how touring theatre companies and musicians will get back on their feet after all this, and if they can, how will they bring their material safely to venues? In the meantime they still have the building to maintain, and the costs associated with that burning a hole in their pockets.

    Many artists/musicians/performers I know are producing work online. The ones I have spoken to all admit that they find it fairly souless, a saturated market (how do you compete with netflix?), and very hard to get people to pay for. It seems a short term fix- we are all sick of screen time.

    In the long term I hope that the gueriila form of outdoor work I have long advocated will survive (The Guardian seem to think so ) and  reseach suggests that Joe public value arts outside of traditional ‘arts’ spaces more than content inside. Arts can be part of rebuilding community value and trust in what has been a battering few years- I just hope there are enough of us left  standing in 12 months time to help this happen.

    Enough from me- next week I am a roofer again. Hey ho…

    durhambiker
    Free Member

    Sports events isn’t a great industry to be in at the moment. A lot of the organisers do it as a side gig so it’s not the end of the world for them, however they’re having to deal with demands for refunds, rescheduling, trying to guess when they’ll be able to go ahead etc. But then there are those who do it full time who are taking an absolute battering currently. Seemed like a great idea for me going self employed providing timing and support services last year, had no work for the last 3 months, waiting to find out if any of the jobs I’ve got lined up for August can go ahead. Also can’t really commit to doing anything else as I need to ensure I’m ready to go once we get the go ahead from the government/NGBs for the various sports.

    footflaps
    Full Member

    Zoos are struggling, haven’t been able to furlough staff as they have to keep feeding animals etc, so no income and costs unchnaged. Plus a lot of small ones are charities and haven’t been eligable for government funds….

    P-Jay
    Free Member

    Event industry.

    I’ve been doing Event and exhibiting work for the last many years

    I’m fortunate that I’m a decent, motivated chippy, and I’ve got off my arse and have been busier with private jobs than I ever have been with event work.

    However, for the light, sound and tech guys they are screwed. Can’t really turn their hand to anything else. The equipment they use can’t be put to use anywhere other than large events. No sign of anything on the horizon. Lots of them freelance.

    I’m sure there are other individual cases, but as a group they are pretty hard hit.

    A few friends of mine work(ed) in it. Tearing around the UK and Europe building the stands. My friends either left years ago because it’s shit work or have just left now knowing the inevitable.

    Trade shows have been in decline for years I’m told, I know another company through work that does 4 or 5 of them a year (as exhibitors) they’ve known for years it’s a waste of time but the higher ups are slow to change so they go through the motions, but they won’t be going back to it, it’s just not worth it for them.

    The Events Co. I know have quietly closed and moved out of their yard, most of their staff don’t even know yet. They’re not closing, but they’ve moved to a much smaller place, they won’t be doing the shows that haven’t been worth doing for years anymore, less staff, fewer shows and just the ones that are worth doing.

    dantsw13
    Full Member

    Small charities having a nightmare. Many small charities fill the voids left by Austerity. Of all the govt schemes they should have helped the charity sector, but it’s not in their nature.

Viewing 40 posts - 1 through 40 (of 61 total)

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