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| wizzzard |
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 wizzzard World Chat Champion

Joined: 29 Mar 2008 Karma :  
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 Posted: 07:07 - 20 Oct 2008 Post subject: Work and the downturn |
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I dont know if we have had one of these threads before but i'v started so ill finish.
I manage a small furniture store and with the ecconomic downturn at the moment im presently crapping myself over my jobs future.
Iv seen sales drop over the past six weeks to half their usual amount and frankly if they drop anymore theres going to be heads rolling here.
What do you do for a living and has it been affected in any way by todays financial problems ? ____________________ And did you exchange a walk on part in the war for a lead role in a cage?
Zeitgeist / Addendum / Moving forward |
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| Robby |
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 Robby Dirty Old Man

Joined: 16 May 2002 Karma :   
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| The Shaggy D.A. |
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 The Shaggy D.A. Super Spammer

Joined: 12 Sep 2008 Karma :  
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 Posted: 07:31 - 20 Oct 2008 Post subject: |
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I've been made redundant. The parent company deals with payment protection insurance, but profits have dropped 80% in the last 3 years*. A lot of the smaller companies in the sector have gone under, but they've been big enough to weather it. So far. One of the ways they've acheived this is to cut the software development wing as it's not their core business and we weren't making enough to stand on our own yet.
I'm not worried (yet), but the wife is having the screaming abdabs.
* My heart bleeds. ____________________ Chances are quite high you are not in my Monkeysphere, and I don't care about you. Don't take it personally.
Currently : Royal Enfield 350 Meteor
Previously : CB100N > CB250RS > XJ900F > GT550 > GPZ750R/1000RX > AJS M16 > R100RT > Bullet 500 > CB500 > LS650P > Bullet Electra X & YBR125 > Bullet 350 "Superstar" & YBR125 Custom > Royal Enfield Classic 500 Despatch Limited Edition (28 of 200) & CB Two-Fifty Nighthawk > ER5 |
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| Wafer_Thin_Ham |
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 Wafer_Thin_Ham Super Spammer

Joined: 18 Nov 2005 Karma :    
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 Posted: 07:33 - 20 Oct 2008 Post subject: |
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I think a work we are pretty ok at the moment. Last week sales were down about 2% or something, but were up for most of the first half before it really bit, so I should be ok for now. ____________________ My Flickr |
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| KLR600 |
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 KLR600 World Chat Champion

Joined: 15 Mar 2005 Karma :    
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 Posted: 07:55 - 20 Oct 2008 Post subject: |
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I work at a dry ski slope (hardly a career type job but I like it for now) and we've had a pretty rubbish summer by all accounts although they are comparing this summer to some really good summers where the weather was good for the whole season.
I'm hopefully having a talk with my manager today to finalise my permanent contract as they've been really keen to keep me on which is nice to know after saying it was most likely going to be a temporary position for the summer.
People are blaming the credit crunch for this season at the slope but in my opinion I think it's been the weather that was the main factor in the lower figures, especially as it poured down non stop over the August bank holiday weekend which is traditionally the time the slope is at it's busiest all year round.
I read an article in the paper yesterday about a mountainbike shop that I used to work at that is closing down which the press had some big "Credit crisis forces cycelshop closure" headline or something like that. They were painting a picture of people simply not buying bikes anymore but they forgot to mention that a much bigger and better bike shop had opened up about 400 yards down the road from him about a year ago. Even before they opened they offered him an obscene amount of money (much much more than his business was worth) to close shop and leave this newer shop to it but he refused for whatever reason and now has had to close shop because of it.
The article got me thinking about how much of this recession stuff is just media hype as I'm sure this isn't the only case of the media not having all the facts right, don't get me wrong though, I know there are some serious problems at the moment but it seems that some people are using this recession thing as an excuse for other stuff which just fuels the bad hype.
Eeep, didn't mean to write an essay! Sorry. ____________________ Now: '00 Kawasaki ZRX1100R - Past: '84 Yamaha DT125, '89 Kawasaki KLR600, '97 Yamaha XJ600N
<My Bikepics Page> <My Yootoobes> <My Websites> <My Photos>
<Take Cool Photos!> |
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| Shaun |
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 Shaun Likes 'em bent

Joined: 17 May 2003 Karma :     
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 Posted: 08:03 - 20 Oct 2008 Post subject: |
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I work for a medical supplies company.
I just got a bonus and they've booked the christmas do at which they're paying for my hotel room, meal and all drinks.
People like Luke keep me living comfortably.  |
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| JonB |
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 JonB Afraid of Mileage

Joined: 03 Jun 2004 Karma :  
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 Posted: 08:26 - 20 Oct 2008 Post subject: |
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Where I was working primarily over the summer we had bad effects from the "credit crunch". I worked at a wildlife park and whilst takings were up in the food and drink outlets, overall we was down on takings at the entrance due to having to encourage people to come with buy one get one free vouchers.
As a consequence generally we were completely under budget and so there is only one zoo curator compared to 5 back in March and most of the food venue staff were made redundant. Me included. Not that it mattered as I was a temp anyway, but it still sucked to be told that you are not needed.
The general consensus is that the Wildlife park will be shutting down for the 2009 season with no scope for re-opening which is sad as when it was "Crinkley Bottom" 10 years ago I spent most of my childhood there.  ____________________ Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia, dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it?s worth. |
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| Hetzer |
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 Hetzer Super Spammer

Joined: 19 Feb 2007 Karma :     
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| Kwaks |
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 Kwaks I'm not a fast rider

Joined: 28 Jan 2006 Karma :  
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 Posted: 09:12 - 20 Oct 2008 Post subject: |
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Work on the rigs, no downturn for us  ____________________ Fallen Angel "Nae sniffing my seat now!!!!! "
www.cliqueycuntsmcc.co.uk
I AM NOT A FAST RIDER!!!!!!!!! |
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| Hetzer |
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 Hetzer Super Spammer

Joined: 19 Feb 2007 Karma :     
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| hellkat |
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 hellkat Super Spammer

Joined: 12 Jul 2004 Karma :  
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 Posted: 09:26 - 20 Oct 2008 Post subject: |
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| Shaun |
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 Shaun Likes 'em bent

Joined: 17 May 2003 Karma :     
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 Posted: 09:40 - 20 Oct 2008 Post subject: |
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OOOOO
What hospital do you work for? I might have to call you one day, ask for the accounts payable department and have you put me through to the wrong person because apparently that's what NHS staff love doing.  |
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| Itchy |
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 Itchy Super Spammer

Joined: 07 Apr 2005 Karma :     
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 Posted: 10:27 - 20 Oct 2008 Post subject: |
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| KLR600 wrote: | The article got me thinking about how much of this recession stuff is just media hype as I'm sure this isn't the only case of the media not having all the facts right, don't get me wrong though, I know there are some serious problems at the moment but it seems that some people are using this recession thing as an excuse for other stuff which just fuels the bad hype.
Eeep, didn't mean to write an essay! Sorry. |
It isn't hype , the problem is debt, in that we have reached debt saturation point , you can't create more debt = system failure.
This is why the bank bail outs have in effect failed LIBOR has increased and shares are still a falling knife.
Capitalism as it exists relies on ever increasing growth or debt.
Liars for loans and the banks who loaned it to them are complicit in this..
Person lies on a loan , bank loans, person has trouble paying loan due to external factors or interest rates going up
Person goes bankrupt bank loses the amount they loaned out (there is a difference between the repo sale amount and the loan), bank loses money.
This is ok if house prices increase but people got debt saturated.
Bank to recoup money tightens credit lines and increases interest rates, this causes more people to get into trouble and so the circle continues.
Those outside the loan loop , think why should I buy now when I can get it in X months time for a lot cheaper and hold off...
Until the market bottoms out stagnates for a while.
But back to the OP I work in accountancy , laws require biz to go through us though rather a lot of our clients are going bust, so I'm just sitting tight and watching this unfold, somebody I know who works in insolvency is doing very very well and has been doing well for years, he made so much money he took his what can only be described as a mansion apart (5 floors) and turned it round so he could have a different address. ____________________ Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching. |
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| GhostRider |
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 GhostRider World Chat Champion

Joined: 31 Jan 2008 Karma :  
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 Posted: 10:45 - 20 Oct 2008 Post subject: |
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Work for a company that makes and sells test kits to clinics/hospitals etc for certain diseases. We had a company meeting the other month and someone asked if the credit crunch/current economical situation was going to affect us. The managing director said no, as we dont really owe the bank much money so even if they did want it back we could pay it and still have plenty of profit, and then mentioned that typically, in such crisis as these, people tend to become a bit more neurotic and think they're sick, and so go to the doctors, who request test, which we sell, so if anything we were in a situation to profit from this.
Still gave us a fucking lowsy pay rise though, but thats prob nowt to do with credit crunch, and more to him being a stingio bastardo.
GhostRider ____________________ I have all the characteristics of a human being: blood, flesh, skin, hair; but not a single, clear, identifiable emotion, except for greed and disgust. Something horrible is happening inside of me and I don't know why. My nightly bloodlust has overflown into my days. I feel lethal, on the verge of frenzy. I think my mask of sanity is about to slip. |
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| hellkat |
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 hellkat Super Spammer

Joined: 12 Jul 2004 Karma :  
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 Posted: 10:49 - 20 Oct 2008 Post subject: |
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| jayvfr |
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 jayvfr Scooby Slapper

Joined: 15 Aug 2008 Karma :     
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| LeeR |
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 LeeR World Chat Champion

Joined: 12 Dec 2006 Karma :   
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 Posted: 11:10 - 20 Oct 2008 Post subject: |
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Well ASDA is a lot quieter, all the chavs have moved to Lidl, Netto, and Aldi  ____________________ My claim to fame: Austin Vince nicked my pen... |
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| Mrs Kickstart |
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 Mrs Kickstart Brolly Dolly
Joined: 06 Apr 2004 Karma :  
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 Posted: 11:19 - 20 Oct 2008 Post subject: |
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Hi
Well I work for HSBC who are busy spending money to prove they can at them mo.
There is also a lot of IT work for finanical compaines comming as there are going to be loads of new regulation comming out soon (I heard the comment it will make the basel 2 projects look like a walk in the park)
so hopefully I will be busy for a while working for the evil empire
Regards
C ____________________ Help fight the safety camera partnerships -- www.pepipoo.com |
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| UnknownStuntm... |
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 UnknownStuntm... World Chat Champion

Joined: 13 Sep 2007 Karma :   
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| panrider_uk |
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 panrider_uk World Chat Champion

Joined: 23 Sep 2007 Karma :  
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| hellkat |
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 hellkat Super Spammer

Joined: 12 Jul 2004 Karma :  
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 Posted: 11:42 - 20 Oct 2008 Post subject: |
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| Feasty |
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 Feasty World Chat Champion
Joined: 01 Nov 2006 Karma :   
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 Posted: 11:45 - 20 Oct 2008 Post subject: |
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I work for a large company that services banking equipment (No, you read it right the first time! ). We've just taken on another 3 people which would make you think we're doing alright - unfortunately past history of my company indicates this probably means we'll all be gone in 3 months time!  ____________________ Previous: Aprilia Habana Retro 50cc (beauty), Yamaha SR125 (fell apart), Honda XR125 (nippy little commuter), Honda SLR650 (Geewhizz), Yamaha Diversion 900S (Smoooooth) written off courtesy of a stupid escaped horse.
(7 year gap), BMW F650 (Relaxing ride). Aprilia Caponord ETV1000 (Big and bold). Yamaha FZS600 (got me in trouble too quick!).
Current: Yamaha TDM 900 (Comfy, light but big, power when needed). |
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| Shaun |
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 Shaun Likes 'em bent

Joined: 17 May 2003 Karma :     
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| neil. |
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 neil. World Chat Champion

Joined: 24 Feb 2008 Karma :    
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 Posted: 13:26 - 20 Oct 2008 Post subject: |
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I work in a university (specialised tech support for music technology facilities and equipment) and all the staff just got a 5% pay rise last week. Seems the government wants people to be in education as then they aren't listed as unemployed. Also, more folks choose education at the moment to 'ride out' the bad job market.  ____________________ CBT February 2008 | A2 June 2008 | Yamaha YBR125 (written off) | Honda CBF125 (current) |
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| The Shaggy D.A. |
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 The Shaggy D.A. Super Spammer

Joined: 12 Sep 2008 Karma :  
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 Posted: 13:58 - 20 Oct 2008 Post subject: |
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If I could get, say, £24k for being in education, I'd jump at it  ____________________ Chances are quite high you are not in my Monkeysphere, and I don't care about you. Don't take it personally.
Currently : Royal Enfield 350 Meteor
Previously : CB100N > CB250RS > XJ900F > GT550 > GPZ750R/1000RX > AJS M16 > R100RT > Bullet 500 > CB500 > LS650P > Bullet Electra X & YBR125 > Bullet 350 "Superstar" & YBR125 Custom > Royal Enfield Classic 500 Despatch Limited Edition (28 of 200) & CB Two-Fifty Nighthawk > ER5 |
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Old Thread Alert!
The last post was made 17 years, 98 days ago. Instead of replying here, would creating a new thread be more useful? |
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