17 replies to this topic

[theticket]

Just been told i've got a 20% pay cut - as of this month's pay on Friday!  

This means i can just meet my mortgage,bills and food with not a penny over for petrol let alone any fun.

At least i've got my glastonbury spending money to go and have as much f**king fun as possible for now...

f**k

[srevell]

thats rubbish, i massivley feel for you.

at least ur at glasto forgetting about it rather than mooching at home though! u never knwo u might meet some uber cool hippies and run off with them... and never need to worry about moolah ever again! (this is a very likely plan....:-s)

[theticket]

thanks, i know there's a lot of people worse off and losing/lost their jobs completely so it could be much worse, but timing isn't great and all pretty stressful!  Sorry not wanting to post a depressing post just as everyone's getting super excited!  

Just need to have a warm up warm can of cider i think... i'm sure that'll help!

[Goblinz]

Harsh.

Just make sure you work 20% less!

[dumski]

I feel for you sir.

Sadly i won't have a job past August so gonna properly make the most of for the next 5 days for once!  I shall be "sick" on Monday !

[dumski]

I'm pretty sure they can't do that under employment law.  did they not operate a period of consultancy with you and other members of staff?

try the ACAS help line on 08457 47 47 47

[serginhowardinho]

Just been made redundant and i'm unsure what my notice period is. I think those decisions will be made this week, so i could come back to no job at all. But this week, i couldn't give a monkeys and i don't wanna know what is going on in the real world!!!

[pie_and_a_pint]

dumski, on Jun 23 2009, 05:28 PM, said:

I'm pretty sure they can't do that under employment law.  did they not operate a period of consultancy with you and other members of staff?

try the ACAS help line on 08457 47 47 47

Your are quite right.  The right of employers to alter pay in a downward direction is currently being abused, and you may not legally have to accept this pay cut.  Call ACAS.  And for God's sake if you're not in a union, join one - pronto.

[bombfrog]

dumski, on Jun 23 2009, 05:28 PM, said:

I'm pretty sure they can't do that under employment law.  did they not operate a period of consultancy with you and other members of staff?

Have you considered the fact that they may be doing this because the alternative is to make 20% of the workforce redundant?

[dumski]

bombfrog, on Jun 23 2009, 08:06 PM, said:

Have you considered the fact that they may be doing this because the alternative is to make 20% of the workforce redundant?

I have indeed considered that but that is not what he said is it?
He said that he just found out today that he was taking a cut as of Friday.  Implying he hadn't been told previously.  My point was I didn't think this was legal.  

If you really want to be picky about it a 20% reduction in salary is not the same costs savings as making 20% of the workforce redundant.  

anyway, lets get on it!!!

[chuckley]

sucks but at least u still have a job... HOWEVER id say u need to start makin movements b4 they turn and say BYE.  the recession is cut throat

[ThomasT]

theticket, on Jun 23 2009, 04:38 PM, said:

thanks, i know there's a lot of people worse off and losing/lost their jobs completely so it could be much worse, but timing isn't great and all pretty stressful!  Sorry not wanting to post a depressing post just as everyone's getting super excited!  

Just need to have a warm up warm can of cider i think... i'm sure that'll help!

Precisely and I am indeed one of they. I was made redundant in December and although I've had some freelance work, I've basically been trying to get a job all year and nothing yet. It's crap. I booked my glastonbury ticket at the earliest opportunity and then when we had to pay the balance I was freelancing so I just thought "**** it, I'm going." I'm glad I did but money is a problem and thinking about will affect my festival, I'll keep it out of mind as much as possible but it'll be there niggling occasionally.

The most aggravating thing is that as well as the bankers, we can also blame credit guzzlers - people who never actually PAY for anything, choosing instead to get another loan or another credit card and move their debt around to free up some credit to buy something else they don't need. I've never done that, I've always saved for things I wanted to do or buy.

As you can tell, this is something I've spent a lot of time thinking about in between job hunting!

[ukslim]

ThomasT, on Jun 23 2009, 09:24 PM, said:

The most aggravating thing is that as well as the bankers, we can also blame credit guzzlers - people who never actually PAY for anything, choosing instead to get another loan or another credit card and move their debt around to free up some credit to buy something else they don't need.

To be fair, as long as those credit guzzlers don't default on their debts, the economy thrives on them. More borrowing = more spending = more jobs.

That's why everything went to shit when the banks decided they weren't willing to lend as freely.

And the reason for THAT is that there was a stupid system in place, that incentivised loan companies to give loans to people who blatantly wouldn't manage to keep up with repayments.

[ThomasT]

ukslim, on Jun 23 2009, 09:40 PM, said:

To be fair, as long as those credit guzzlers don't default on their debts, the economy thrives on them. More borrowing = more spending = more jobs.

That's why everything went to shit when the banks decided they weren't willing to lend as freely.

And the reason for THAT is that there was a stupid system in place, that incentivised loan companies to give loans to people who blatantly wouldn't manage to keep up with repayments.

I see a slightly longer-period picture:

You're right: banks, credit card companies etc prey on those who will struggle to repay them and as such, end up paying the most interest. And people buying things makes the world go around.

However, if people didn't buy things they can't afford on credit, the economy would've been smaller, but far more stable. And if people couldn't get enormous mortgages, the housing market wouldn't have reached ridiculous proportions and it was the boom in housing that encouraged reckless mortgage lending and is the reason why people are now unable to sell their homes (because they're massively over-valued). If this hadn't happened, house prices would've risen gradually. But then this happens every 15 years or so and no one ever seems to learn.

As it is, we have huge boom and catastrophic bust. And I think you'd agree that milder, more steady growth and no bust is preferable.

EDIT: I'm basically agreeing with you, just tying it in to my original point!

Edited by ThomasT, 23 June 2009 - 08:53 PM.

[TwistedReligion]

serginhowardinho, on Jun 23 2009, 06:08 PM, said:

Just been made redundant and i'm unsure what my notice period is. I think those decisions will be made this week, so i could come back to no job at all. But this week, i couldn't give a monkeys and i don't wanna know what is going on in the real world!!!

fkn eh to that mate. Am anticipating the bomb being dropped when I get back next monday, but for the mean time it can all take a back seat

[tommmy]

[quote name='dumski' post='2869198' date='Jun 23 2009, 05:28 PM']I'm pretty sure they can't do that under employment law.  did they not operate a period of consultancy with you and other members of staff?

try the ACAS help line on 08457 47 4

Edited by tommmy, 23 June 2009 - 09:44 PM.

[al_coholic]

I feel for everyone effected, luckily for me my company dont believe in redundancies, but this is my first glasto in 4 years so I am going to enjoy it as best I can.

[Lake]

Recession is great! Coming from the eurozone into the UK now is just so cheap! I got a ridiculous rate on my sterling today for the fest. And when I bought my ticket it was much better, something like €190!

This is probably the cheapest year since I turned 18 to go to Glasto.