Miss R. Chant
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I worked in Woolworths, your husband's company might go the same way. Get a back up plan ready. |
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filazafer
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That is impossible to answer without knowing more. Could range anywhere from nothing happens to they shut down this week. |
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Patricia B
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Worst case scenerio, the company will go broke and your hubby will need to get a new job. |
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Teresa
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I worked for a company that had serious problems and almost everyone got let go. I don't want to scare you, but it's best to plan for the worst. Depending on his position and how long he's been there may have an effect on his lay off package. Some people want to stay and take whatever layoff package they can get and have time off between jobs. Some people go ahead and start looking and forfeit whatever was coming to them in a layoff if they get another job. |
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PuCcI
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This very same thing has happened to two compnaies I have worked for within the past 3 years. As long as your hubby isn't invested financially into this company and he is just working for them it is never too late for him to get out of there. They are probably trying to re-create the budget which will mean cut backs and lay offs are right around the corner. Your husband needs to keep his eyes open because these companies don't say a word until they have it all figured out what they are going to do. You never know if you are included or excluded from their new plan until they speak up. If you have a family it is not a risk worth taking. The two companies I worked for still had us on the payroll and they couldn't afford the payroll. Every time someone's check would bounce. It is really crazy. |
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dees
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most likely restructure, then layoffs. Seen it so many times. They may hire a consultant. You then have to sit with them and explain what you do all day and why you are important. It would be a good time for your husband to make sure his resume is updated just in case. If your husband is a strong performer then this could be a good thing. Sometimes when the company comes in and cleans house it makes it easier for those that are left b/c it gets rid of the dead weight. |
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Eddy Sax
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Unless someones prepared to buy the half of your company than enstone had then your husband might be at risk of being made redundant.
He'd be wise to start job hunting now just in case. |
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????????
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failure? |
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alex_jame_mick
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Are there market in depression or there's like a minor problem with other political problems? If the markets in trouble then the company could be into bankrupt or a major political problem may led to closing of the company and employee need to search for a new job. |
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lose40k
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You must make plans now. Be prepared for the worst and that would be your husband losing his job. It may not happen, but better to be prepared and ready.
My Fathers company was bought two years ago by a bigger unnamed Fortune 500 company. Guess what?
The fortune 500 company is pretty much up the creek with out a paddle waiting for some government financial assistance.
My Dads company has been up for sale for about 4 months. He has been unemployed for about 6weeks now. 26 years of continuos employment down the drain.
Be realistic that his company could very well be downsized and then sold off. They could cut alot of employees, take some heavy profits for a bit and then fold it as well. Its hard to know what corporate execs think, but its best to be prepared that his job could go away at a moments notice. |
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akshay
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Well, it really does not depend upon you. Its all up to the owners.Your husband's post and experience with the company might also play a role. If things turn out to be bad, it might also be difficult to find a job during such times. I suggest that you guys start a business. Yes , it is risky...but at least you have the possibility to control your income.
What kind of business???? Well, here are some clues - all people need to eat, need to wear clothes, need to drink beer and need to be happy!!)) |
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