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Thread: The Big Ones Are Crumbling..
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19-12-2008, 11:34 PM #1
The Big Ones Are Crumbling..
I haven't heard about the rest of the country yet but my dear employer, Carillion, is closing the Newton Abbot branch office. Staff being made redundant.
What is it with big firms, bad news and Christmas ?
Looks like I'm going to tasked out of Manchester, nice and local
Anybody need a couple of good administrators around the Torbay area ?
Brian - Newton Abbot, Devon, UK
Retired March 2015
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19-12-2008, 11:57 PM #2
Re: The Big Ones Are Crumbling..
Not more than 3 months ago the main man at Crillion was on 5live saying they were protected as they had so much huge utility work programmed in they were recession proof...BS of course but sounded good at the time.
This will get worse and worse and worse but won't really impact till end of 2009. Then the depression will start and we will be in for such hard times we simply have no comprehension. Robert Mugabe said he was proud that the UK & USA were copying his monetary policies -IE printing money ever faster. That will cause rapid inflation and devaluation of the £ such as what happened to Germany in the 1930's..
Be afraid, be very afraid..
Multisync
London
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20-12-2008, 04:55 PM #3
Re: The Big Ones Are Crumbling..
Sorry to hear that Brian.
When was this announced?
I assume like Carrier and JCI they have yet to hit their tradesmen?
Grizzly
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20-12-2008, 05:01 PM #4
Re: The Big Ones Are Crumbling..
Originally Posted by Brian_UK
I think they start looking at the year end numbers and finally realize they need to do something to keep their jobs, so they take it from the little people.If all else fails, ask for help.
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20-12-2008, 05:29 PM #5
Re: The Big Ones Are Crumbling..
Rumours are that 1 or 2 compressor manufacturers will file for protection and will let some workers into welfare wage integration.
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20-12-2008, 06:59 PM #6
Re: The Big Ones Are Crumbling..
The office heard about it around lunchtime Friday.
I'm hoping that if they want to continue with their sales pitch of being the 'biggest' then they will have to keep the site workers otherwise it is all a bit of a sham.
Just hope that the shareholders enjoy their dividendsBrian - Newton Abbot, Devon, UK
Retired March 2015
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20-12-2008, 11:37 PM #7
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21-12-2008, 12:42 AM #8
Re: The Big Ones Are Crumbling..
As a small employer the way I plan to overcome this problem is to remain positive,optimistic and if all else fails, take a wage cut,move premises and endeavour to keep all my employees who are ' on the tools'.At the end of the day as a director and majority shareholder, it is not in my or my workers interests to be complacent or greedy,nor to continue with overheads that are not contributary to staying in business.At the same time I expect everyone to be realistic about what is happening at the present time and do their best in keeping a sensible approach to the effort required in staying afloat.
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21-12-2008, 08:29 PM #9
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21-12-2008, 11:22 PM #10