Life NFT: The economy, the recession and your job. - Page 2

BigVE · 01-23-2009, 01:39 PM

How goes it? I work for a company that builds mono-clave sterilizers. We sell to all types of medical facilities that include laboratories, hospitals, clinics and MANY universities. The writing is on the wall with my employer...sales are way down with nothing big on the horizon. A few layoffs have already happened and then today we just got a memo about all wages/salaries for 2009 being froze at the 2008 rate and that the company would suspend their matching 401k contributions. After the 1st qtr it looks very lean. Who knows what the future holds but for right now we are holding our breath and hoping our sales team can pull through. Very few jobs are recession proof....how is yours?

**pr_capone** · 01-23-2009, 01:58 PM

Working in the special ed. department of a school is recession proof.

In fact... we are hiring.

jspchief · 01-23-2009, 01:58 PM

The place I work has the highest production and margin in the entire division. A lot of other places will go down before it gets to me.

lazepoo · 01-23-2009, 02:02 PM

I've been unemployed since September... moved and decided to take a month or so off, and the Lehman crisis hit just as I started looking again. Pickings are slim if you need a job, and it looks like a lot of places are tightening their belts as things get slower.

Hydrae · 01-23-2009, 02:03 PM

Doing third party support for state agency server farms. We have also been told no raises, no 401k matches for 2009. I am not too worried but the resume has been recently updated.

Demonpenz · 01-23-2009, 02:03 PM

Quote:

Originally Posted by lazepoo

I've been unemployed since September... moved and decided to take a month or so off, and the Lehman crisis hit just as I started looking again. Pickings are slim if you need a job, and it looks like a lot of places are tightening their belts as things get slower.

I hear you, all the jobs that I want are filled, oh well back to the couch i go

Monty · 01-23-2009, 02:05 PM

I work in the telecom industry and have been through 17 rounds of layoffs since 2001. Last week, they announced that they were going into Chapter 11 Bankruptcy protection......it's crazy...I'm doing the work of what used to be 5 people.

I'm just livin' the dream..........

Otter · 01-23-2009, 02:05 PM

Harley plans job cuts as profit falls below target

http://www.marketwatch.com/news/story/harley-davidson-laying-off-1100-profit/story.aspx?guid={CB60BC61-32DE-4F21-B3BE-8CEA6438567E}&dist=msr_1&print=true&dist=printMidSection

wutamess · 01-23-2009, 02:06 PM

Wife's laid off... I got laid off from the best job evah earlier this year and immediately found a job making $15k less with the school district so I like to think I'm good. Yay me!

El Jefe · 01-23-2009, 02:09 PM

Automotive industry (Repair specialty shop) is like a roller coaster. We are very reputable, but the area we are in has been smashed by closing business, so a lot of the people here are squeaking by, but we still stay pretty busy. A lot of the shops we deal with are in worse situations, and a lot we know have closed. Tax refunds are coming, and snow, so both will bring business to us. I thank the Lord we have stayed busy.

Fish · 01-23-2009, 02:10 PM

I just got a promotion last month. I just hope my paycheck reflects the change this month...

lazepoo · 01-23-2009, 02:10 PM

I guess that on the bright side, a lot of companies that are firing people right now could realize that they cut a few too many people and look to refill those positions.

raybec 4 · 01-23-2009, 02:17 PM

I'm a production manager at a company that makes solar and radiant heat products. I've had to lay off 25 percent of my work force since November. I am in the same boat as Big VE just praying the sales force pulls us out of this.

smittysbar · 01-23-2009, 02:26 PM

Everyone tells me all the time, "well at least you never have to worry, people are always going to drink, especially when they are down on their luck".

God I just want to smack them. Yeah dumb****, they are going to go to a bar and spend money, or are they going to go buy a bottle of cheap whiskey and some off brand cola?

This last year has been rough on several people/businesses around here. The restaurants are dead, car lots closing left and right, several factories closed down, utility bills sky rocketing.

Beer distributes have been telling me that bars and c-stores are both way down, which is never the case. When we are up, they are down, and vice versa.

BigVE · 01-23-2009, 02:28 PM

Quote:

Originally Posted by pr_capone

Working in the special ed. department of a school is recession proof.

In fact... we are hiring.

I heard the ICT school district was putting freeze on hiring for almost ALL school district jobs except for special ed. News said it would save the district almost 6mill. Dang.

oldandslow · 01-23-2009, 02:31 PM

Wages frozen for forseeable future, but job is secure. I am the oldest tenured member of the department - they'll have to carry me out on a stretcher.

01-23-2009, 01:39 PM
BigVE Veteran Join Date: Apr 2001 Location: centralKs Casino cash: $10005250	NFT: The economy, the recession and your job. How goes it? I work for a company that builds mono-clave sterilizers. We sell to all types of medical facilities that include laboratories, hospitals, clinics and MANY universities. The writing is on the wall with my employer...sales are way down with nothing big on the horizon. A few layoffs have already happened and then today we just got a memo about all wages/salaries for 2009 being froze at the 2008 rate and that the company would suspend their matching 401k contributions. After the 1st qtr it looks very lean. Who knows what the future holds but for right now we are holding our breath and hoping our sales team can pull through. Very few jobs are recession proof....how is yours?
Posts: 4,829

01-23-2009, 01:58 PM	#16
pr_capone THREEPEAT!!! Join Date: Jan 2006 Location: NWMO Casino cash: $9948214	Working in the special ed. department of a school is recession proof. In fact... we are hiring.
Posts: 19,897

01-23-2009, 01:58 PM	#17
jspchief BAMF Join Date: Apr 2004 Location: Your Face Casino cash: $9998710	The place I work has the highest production and margin in the entire division. A lot of other places will go down before it gets to me. __________________ Courage is not the absence of fear but rather the judgment that something is more important than fear. The brave may not live forever but the cautious do not live at all.
Posts: 27,207

01-23-2009, 02:02 PM	#18
lazepoo Wizard Join Date: Apr 2007 Location: Mpls Casino cash: $10005004	I've been unemployed since September... moved and decided to take a month or so off, and the Lehman crisis hit just as I started looking again. Pickings are slim if you need a job, and it looks like a lot of places are tightening their belts as things get slower.
Posts: 477

01-23-2009, 02:03 PM	#19
Hydrae MVP Join Date: Jul 2001 Location: Newport, Or Casino cash: $-1163000	Doing third party support for state agency server farms. We have also been told no raises, no 401k matches for 2009. I am not too worried but the resume has been recently updated. __________________ My 2024 Adopt-A-Chief: Rashee Rice
Posts: 14,858

01-23-2009, 02:05 PM	#21
Monty Award Winning Tailgater Join Date: Aug 2000 Casino cash: $-928430	I work in the telecom industry and have been through 17 rounds of layoffs since 2001. Last week, they announced that they were going into Chapter 11 Bankruptcy protection......it's crazy...I'm doing the work of what used to be 5 people. I'm just livin' the dream..........
Posts: 4,045

01-23-2009, 02:06 PM	#23
wutamess MVP Join Date: Aug 2000 Location: Lee's Summit Casino cash: $4711637	Wife's laid off... I got laid off from the best job evah earlier this year and immediately found a job making $15k less with the school district so I like to think I'm good. Yay me! Last edited by wutamess; 01-23-2009 at 02:13 PM..
Posts: 8,290

01-23-2009, 02:09 PM	#24
El Jefe Don't tread on me. Join Date: Nov 2006 Location: Where the peaches grow Casino cash: $9030572	Automotive industry (Repair specialty shop) is like a roller coaster. We are very reputable, but the area we are in has been smashed by closing business, so a lot of the people here are squeaking by, but we still stay pretty busy. A lot of the shops we deal with are in worse situations, and a lot we know have closed. Tax refunds are coming, and snow, so both will bring business to us. I thank the Lord we have stayed busy.
Posts: 8,540

01-23-2009, 02:10 PM	#25
Fish Ain't no relax! Join Date: Sep 2005 Casino cash: $-1431081	I just got a promotion last month. I just hope my paycheck reflects the change this month... __________________
Posts: 48,869

01-23-2009, 02:17 PM	#27
raybec 4 MVP Join Date: Feb 2008 Location: East Jabip Casino cash: $4593807	I'm a production manager at a company that makes solar and radiant heat products. I've had to lay off 25 percent of my work force since November. I am in the same boat as Big VE just praying the sales force pulls us out of this.
Posts: 11,058

01-23-2009, 02:26 PM	#28
smittysbar Right in the Lumberyard Danny Join Date: Aug 2007 Location: LaPlata, MO Casino cash: $10004942	Everyone tells me all the time, "well at least you never have to worry, people are always going to drink, especially when they are down on their luck". God I just want to smack them. Yeah dumb****, they are going to go to a bar and spend money, or are they going to go buy a bottle of cheap whiskey and some off brand cola? This last year has been rough on several people/businesses around here. The restaurants are dead, car lots closing left and right, several factories closed down, utility bills sky rocketing. Beer distributes have been telling me that bars and c-stores are both way down, which is never the case. When we are up, they are down, and vice versa. __________________
Posts: 6,646

01-23-2009, 02:31 PM	#30
oldandslow Veteran Join Date: Apr 2004 Casino cash: $3743149	Wages frozen for forseeable future, but job is secure. I am the oldest tenured member of the department - they'll have to carry me out on a stretcher.
Posts: 4,621