Layoffs / Cut Hours

[Genetic Defect]

Originally Posted by Big Vito

we are looking at a third round of layoffs by us.

wanted to edit to add: also shut down third shift by us.

Tomorrow was suppose to be the day people got the news but word is that layoffs at another branch happened last night. Those affected were told at the end of the day their services were no longer needed. I checked the schedule the rest of the week and next and everyone in our shop is still on it. Hopefully we have been spared this round.

Not sure but I'm still betting we go to 4 day weeks starting next week.

Good luck everyone, hopefully this economy will pick up soon.

The odd part is my wife's company is picking up new business, running 30-60 days behind production and interviewing daily, go figure

Chas

[TripleF]

Sales are reeeeeeeeeeeeeeal slow for me so I got a part time job at a cigar bar back around Labor Day. That's been holding us even with the water line.

What I don't like, is no one sems to be forecasting "a turn", only hoping "a turn" will happen.

Eliminate debt if you can.

Originally Posted by TripleF

Eliminate debt if you can.

Good advice but bad for the economy

Paying off debt doesn't put money back into the economy, it puts it back into the hands of lenders who tightened the money lending.

Double edged sword that helps but also hurts.

Chas

Originally Posted by ChasDen

Good advice but bad for the economy

Paying off debt doesn't put money back into the economy, it puts it back into the hands of lenders who tightened the money lending.

Double edged sword that helps but also hurts.

Chas

Think about yourself. Payoff all Debt. Who cares about how it effects the economy. Take care of yourself then worry about the economy.

[Willygt]

On our company there are rumors that a lay off is coming. We really dont know if it is really coming and who is on the list, we can just hope for the best.

Back in Mexicali there has been several big companies having to cut off complete shifts (Kenworth cut the second shift with about 800 people), and other have been completly shut off. This is affecting us big time, but as some say, when 1 door closes another 2 open.

[AAlmeter]

Good luck everyone. Was laid off on Halloween and have received two offers since then. Unfortunately both offers have been dependent on the firms landing specific contracts for projects....and with many projects being delayed/canceled, it ain't easy.

Sadly, I think it's going to get worse before it gets better. Strap on your helmets!