"You are lucky you have a Job" How Far Will They Go?

[Pepper]

Hard times, companies are laying off and coming up with a variety of cost cutting measures.

Macy's and UPS just announced they are not matching employee retirement funds, some companies are foregoing the annual pay raise, requiring employees to pay more towards health insurance fees, etc, etc. The list can go on for a while.

When will they stop? And when the economy bounces back, will they remember to give back to the employee?

We had lay-off at my job last week. Those of us 'still lucky to have a job' will not be getting raises until Oct. But I doubt that will even happen. I work for a software company, that sells to medium and large companies. Who the heck is going to buy software in the first half of the year?

Come Q3, I am already prepared for the CEO's e-mail...sorry no raises, but consider yourself lucky to have a job.

And please don't get me wrong. Yes I am VERY happy to be working, but the way things have been going lately, I just wonder if the pension fund match, the annual raise, and other 'perks' will dissapear into the wild blue yonder.

[St_Bess]

Re: "You are lucky you have s Job" How Far Will They Go?


My empolyer stopped matching 401K funds effective Janyary 1st. Prinicipal and Partners of the firm have taken a 10% pay cut and I understand that within the next month or two that they the "big shots" will be asked to take another 5% cut along with all the other employees. I'd rather take the pay cut, no pay increases or work 4 to 3 days per week instead of being laid off. I have been there before and being laid off is one of the worst things that could happen to you especially in this climate. Our operations director was laid off last week - they probably saved 150K plus his benefits. They have even laid off mail room workers who make peanurs. Companies are panicking - they are not making any profits.

[MsExced]

Re: "You are lucky you have s Job" How Far Will They Go?

My company has cut hours even for nurses since November. People are still sick but are unable to pay the bill because they have no jobs.

The educator was let go from my dept and I've to take on that job responsible, I'm not complaining because I've a job. But lawd mi tired.

We should hear sometime this month is we'll receive an increase in April.

[Suesumba]

Re: "You are lucky you have s Job" How Far Will They Go?

they laid off a bunch of people here too right down to the mailroom and storage people.

[esp]

Re: "You are lucky you have a Job" How Far Will They Go?

Hey Peps...yuh mussi ah read mi mine...a dis mawning mi an U a talk bout the current situation.....wan a him electrician fren call him early dis mawning seh dat him get lay off...he was with the company for over 10 years...sad thing is.... a nat even wan year since him buy him house...


Mi tell U....dat di good thing is dat the guy have a skill...all him havi do a stawt pound di pavement ina di neighborhood.....

It sad fe true...i've been getting a lot of calls for loans...but I can't help...reason being these are people who got laid off and want to start their own business...what them fail to understand is that it nuh happen ova night....wus yet people naah spen...suh weh dem a go get cash flow fe pay back loan plus ovahed costs.... ***kissteet***

[loops]

Re: "You are lucky you have s Job" How Far Will They Go?

I'm working in a non-profit...heavily dependent on fed and state funds....as well as earnings from our loan portfolio. The situation here is bleak.

Effective October 1, we recieved no raises, lost our 5% pension contribution and were asked to contribute to our health care premiums. We too, have had a layoff. Actually, we've had a "restructuring"...the board has chosen to take a different direction with our plans...and shed some of our more "service oriented" programs.

Yeah, after working here for 17 years next month, i'm starting to worry about the future of this org..and my future in it.

in fact, i was so worried yesterday....i called in sick.

[loops]

Re: "You are lucky you have a Job" How Far Will They Go?

our loan portfolio is taking a beating EP....and we're really not seeing much demand for new loans either.

it's bleak out there.

[sagal]

Re: "You are lucky you have s Job" How Far Will They Go?

I'm looking at restructuring myself and getting some new skills

[Pepper]

Re: "You are lucky you have a Job" How Far Will They Go?

Yes it is bleak out there. And with all this, DC officials are hemming and hawing about this and that in the stimulus plan.

One Republican (forget his name) said, it is not the bill I would have written, but we have to do something and do it fast.

When di ress a dem eediat out deh gwine hurry up and come wid something.

[Pepper]

Re: "You are lucky you have s Job" How Far Will They Go?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: sagal</div><div class="ubbcode-body">I'm looking at restructuring myself and getting some new skills </div></div>

That is always a wise decision...no matter what the economic climate.

[ILP]

Re: &quot;You are lucky you have s Job&quot; How Far Will They Go?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: sagal</div><div class="ubbcode-body">I'm looking at restructuring myself and getting some new skills </div></div>

my classes begin february 17th.

my job never matched as far as 401K/403B was concerned.
what i find interesting is that they have cut until mi nuh know what left.
dem cut mail to once a week, but now the &quot;mail people have to deliver&quot; warehouse stuff as well.
dem tell wi as of 2/1 we have no more &quot;supplies&quot;. how di place to run without paper, ink ahn dem tings deh?
dem not cutting the people per se around here, but we are definately expected to do more with much, much less....mi gawd mi tyad at night time.

[esp]

Re: &quot;You are lucky you have a Job&quot; How Far Will They Go?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: loops</div><div class="ubbcode-body">our loan portfolio is taking a beating EP....and we're really not seeing much demand for new loans either.

it's bleak out there. </div></div>

Very Bleak indeed....

[j-kid]

Re: &quot;You are lucky you have a Job&quot; How Far Will They Go?

As a result of we di consumers being, contributing actors in this play called life, and our deliberate actions, I am afraid that layoffs will be a way of life for a while.

[sagal]

Re: &quot;You are lucky you have a Job&quot; How Far Will They Go?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: J kid</div><div class="ubbcode-body">As a result of we di consumers being, contributing actors in this play called life, and our deliberate actions, I am afraid that layoffs will be a way of life for a while. </div></div>

I heard on the radio this morning that the recession is to last five years....

[Pepper]

Re: &quot;You are lucky you have a Job&quot; How Far Will They Go?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: sagal</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: J kid</div><div class="ubbcode-body">As a result of we di consumers being, contributing actors in this play called life, and our deliberate actions, I am afraid that layoffs will be a way of life for a while. </div></div>

I heard on the radio this morning that the recession is to last five years.... </div></div>

It took us 8 years to get where we are today.

Thanks Dubyah.