Glitterqueen
member
Reged: 11/01/2008
Posts: 3203
Loc: Essex
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Foxie you have my admiration for what you have achieved.
We also experienced this a few years ago. It's not just the financial loss though, the emotional strain is as bad, sometimes even more difficult to deal with.
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Foxie
member
Reged: 09/08/2007
Posts: 8004
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Glitterqueen
You are so right, it is not just the financial loss, the emotional strain can be just as bad. When you are going through a difficult time you don't know how long it will last or what the outcome will be, that is the real problem.
You just have to dig deep and call on your inner reserves.
Take care
F x.
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I've learnt that people will forget what you said, people will forget what you did, but people will never forget how you made them feel. Maya Angelou.
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Aprile
member
Reged: 28/07/2008
Posts: 523
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Sorry about my flippant post above but I'd just got in from work having spent all afternoon with the number crunchers who were telling me what budgets had been cut and what I can't spend this year and.......well, you don't want to know.
Fortunately I think OH (who doesn't work with me) should be ok although money is already tighter definitely. I'm more likely to lose mine which wouldn't be a catastrophe financially although it wouldn't be good news by any means, but emotionally it would be a bigger blow. And at 53 in a rural area, with no chance of moving the chances of finding something similar would be zilch and I'm not ready to do anything else yet. Despite my thread last night about not wanting to go back to work today after the break, I don't want another job, I want the one I have.
I really, really feel for everyone faced with the prospect of redundancy. Each time I put the news on my heart sinks.
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Thimble
member
Reged: 04/12/2008
Posts: 4324
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I cannot really respond to this thread as both myself and my OH don't work. My OH has 3 employment pensions and has benefits because of his MS but..........he has got us into a bit of debt. I don't work because of my arthritis and heart problem. So - god forbid - but if anything happened to my OH and I lost his income I would have to move almost immediately in order to pay the debts and the mortgage we had to take out.
So slightly different to other people on here and I realy feel for all of you. In these hard times it seems noones job is secure. Glad to see that you are all making provision already either physically or mentally in case it should happen.
I sincerely hope that you all come through the hard times and see brighter times ahead.
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suzie88
member
Reged: 02/09/2008
Posts: 811
Loc: Essex
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I have heard 1 in 10 shops on the high street could go.Then all the small businesses would come back again.Surely thats a good thing.I think its wrong that so many big chains have a monopoly on the high street and have driven small companies out of business.
Suzie88
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Tigerfeet
member
Reged: 29/10/2008
Posts: 1707
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I am the main, and only, breadwinner. I work in a School though, so I think I'm fairly safe. But, I don't count my chickens - no-one knows what's round the corner.
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ChrissiFi
member
Reged: 28/06/2006
Posts: 2621
Loc: Somerset
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The company I work for relies on business from independent schools so there is a risk that there will be financial cuts but hopefully my job is safe. If I was out of work it would mean stopping payments to pensions and other savings until I found something else - I'm the main wage earner but we need both incomes to cover everything. Luckily apart from a relatively modest mortgage our only debt is an interest free car loan which we've got enough money set aside to repay if necessary and we've always saved something every month.
In the early 90's with mortgage rates at 15% I was in the position where the only way for my employers to not make staff redundant was for everyone to take a 25% pay cut until cash flow improved. Everyone agreed to the pay cut (it was voluntary) and our employers took a far bigger cut than the staff. It was difficult but we all survived and I'm sure if the worst happened we'd find a way to survive.
That said we are being very careful about what we spend now.
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ButterflyBlue
member
Reged: 19/05/2007
Posts: 2650
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Up the creek without a paddle. I was made redundant in 2005 and have not really worked since. At the moment we have our house in North Shropshire and live in Oxfordshire during the week so OH can carry on working. He is already on a 4 day week. OH is nearly 61 and I'm 59 so chances of getting another job are quite remote. We had planned to get part-time jobs in B&Q, Tescos or somewhere like that for a couple of days a week but even those jobs have dried up.
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So far so good,so far so good (Magnificent Seven)
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OzzieKez
member
Reged: 21/06/2008
Posts: 2759
Loc: Queensland, Australia
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We might be finding out tomorrow! THE meeting has been called.
BB, the new you is sensational.
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ButterflyBlue
member
Reged: 19/05/2007
Posts: 2650
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Thanks Ozzie, thought I'd go for a complete change. I hope it's not bad news tomorrow. How's Bruce, any signs of improvement yet?
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So far so good,so far so good (Magnificent Seven)
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redpoppy
member
Reged: 21/01/2008
Posts: 417
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I heard someone say the other day that we're all just three paychecks away from being homeless. This has really stuck with me and my plans to work less suddenly feel on hold. I'm not enjoying the fear this credit crunch is inducing, much prefer feeling free to take risks.
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chilla
member
Reged: 05/09/2008
Posts: 6198
Loc: runcorn
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it's very difficult to achieve the recommndation of having 6 months living expenses in savings in the bank. I'd probably manage for ab out 3 months.
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I have the talent of single-minded determination and foc....hey, look, dog!
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OzzieKez
member
Reged: 21/06/2008
Posts: 2759
Loc: Queensland, Australia
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Chilla,
I saw a great display of belly dancing stuff in an Oxfam shop yesterday and thought of you!
Bruce was informed yesterday that there is a meeting today at 10 am (1 hour's time) - regarding the "direction of the workplace".
We shall know by the afternoon, if he still has a job. He works in IT.
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Fizzyangel
member
Reged: 11/02/2008
Posts: 3216
Loc: Surrey
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Hi Everyone,
I've posted about this before, but OHs company is in limbo at the moment, due to a take-over, cum rescue by another company, which fell through just before Xmas. No one knows what is going to happen and there will almost definately be reduncies of which OH could be one. In fact, it's started already, and today he had to fire someone on his own team who is now not needed. OH has only had to do this a few times before in the past, but every time he nearly makes himself ill over it, as he feels so bad for the person involved. This poor guy today thought he was coming in for his annual review, instead he was told he's not needed anymore. Luckily he got a good pay off, but it was still hard for OH to do.
If it happens to us, we will probably survive as we are for a few months, but we would immediately put the house on the market and look to downsize and clear the mortgage, although in the current climate, whether we would sell is anyones guess. To be honest I am worried sick, and we have made cut-backs, but OH is very much of the attitude that we're not going to panic until it happens, and we should carry on as normal a life as possible until we know what we are facing.
One thing that comes through on this thread is that we are all very frightened of the unknown, and that so many of us are in the same boat.
Good luck to Bruce for today Ozzie, I hope that you get the result you wish for. Lisa. x
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PurpleRain
member
Reged: 17/01/2008
Posts: 1423
Loc: South Wales
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Good luck to all facing job losses, hope it doesnt happen, but should it do so lets hope we can all get through it and come out the other side. Roll on 2010!
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To a kitten a mew is as good as a roar!
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OzzieKez
member
Reged: 21/06/2008
Posts: 2759
Loc: Queensland, Australia
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Good luck Lisa,
I hope it never happens.
Bruce just called. They have been told that each person who is going to be retrenched will get a phone call individually and we should know at the end of the day. It wouldn't be the end of the world for us. Bruce still needs some time to heal and the situation for those who are left will be pretty horrific.
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OzzieKez
member
Reged: 21/06/2008
Posts: 2759
Loc: Queensland, Australia
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Just heard,
Bruce has 5 weeks notice! He is stressed but I truly think it's for the best. He has gone into HR - I think when he gets back that several of the guys will "have his guts for garters" if they don't get one too! lol!
All will come good!
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