Dagabond Bored Member Administrator 35,722 Member For: 22y 2m 13d Gender: Male Location: Dé·jà vu Posted 02/05/12 04:26 PM Share Posted 02/05/12 04:26 PM This afternoon I had to pull two more of my guys aside and tell them next week their position within the company is no longer viable and that from Monday they will need to be on Dayshift in our assembly department to save them from losing their jobs all together.Over the past month we have had a number of redundancies and the future is not looking any better. I dont know if its just the cold weather we are having down here atm but it seems the roads have nearly half the amount of traffic on it in this past week than what there normally is on a week night.Hearing today one of our suppliers is shutting their doors a company I thought was a fairly safe bet has got me wondering where the country/world is heading. I mean where can it end and why can we not turn it round....In the past month or so I've heard read seen and I doubt they are far from the only ones:Toyota 350.Scientific Games 60.MACQUARIE Group 1300.ANZ Banking Group 230.CMI 44.Redmond 40.Qantas 400.Optus 750.Victorian Government public service sector more than 4,000.and the one I think that stinks the most out of that last one At least 500 Vic TAFE employees to go....so we arent going to educate the future either as there wont be any bloody jobs for them anyway.Of course we arent alone in all this as its world wide...http://news.brisbane...0502-1xz4v.htmlSorry for the waffle but I had to get it off my chest after this afternoon. Link to comment Share on other sites More sharing options...
sexual harrassment panda I see a red door and I want to paint it black Donating Members 5,919 Member For: 15y 3m 1d Gender: Male Location: Far north queensland Posted 02/05/12 06:50 PM Share Posted 02/05/12 06:50 PM It's coming Dags and it's going to get a whole lot worse.The developed world is in recession, the only thing that's been propping us up is china.China relies on exporting cheap goods to the developed world and the developed world is in recession.So they prop up their own economy with infrastructure spending, which further props us up.Our economy is based on holes in the ground, which everyone forgets is a very volatile industry, commodity and exchange rates can shut a mine down overnight.I work for a fair few mines, it's in my best interest to keep an eye on things . . . and things don't look good. Luckily I have a trade as well, all these people with all the toys and associated debt who are on $100k+ to watch big rock get made into lil rock better start putting some aside for a rainy day. 1 Link to comment Share on other sites More sharing options...
Guest XR09 Guests Posted 02/05/12 07:00 PM Share Posted 02/05/12 07:00 PM I trade a few shares here and there. I do my own super so forth. Far from wealthy.If your read most company reports, none of them are spending anything on R&D. No one is outlaying anything on future projects.Most seems to be in bunker mode till 2014.I am hoping that's the bottom of the market. The options market is down and so is the futures.I went nuts and hung myself with realestate. Who thought the good old solid ground would loose it's ass...not me lol.I think the go is not to reply on one form of income. Or one trade now days for that matter.I have friends who were very succsessful in the retail rag trade who cant even walk out of thier shops now.We missed the big GFC when it happened. Same as the great depression. It hit us four years later. Link to comment Share on other sites More sharing options...
Pazzo Donating Members 11,132 Member For: 14y 3m 5d Gender: Male Posted 02/05/12 07:06 PM Share Posted 02/05/12 07:06 PM (edited) Yeah not wrong Dags, starting to get scary the way things are going. Small business is not faring any better as online shopping is taking over aswell. Fortunate in my field of work, it's so far so good.But in saying that there is jobs out there, just have a look at papers on a Saturday morning and online and they are there to be had. Good friend is a painter and struggles to find young apprentice's, but has put on 3 mature age apprentice's. Says best thing he has done as most have a mortgage and kids do they tend to work harder. If anyone is looking for apprentice's consider mature age, hope it picks up again and those workers who have been made redundant find a job quick, even if it means doing something crap until they find Want they want. Edited 02/05/12 07:06 PM by PAZZOnegger 2 Link to comment Share on other sites More sharing options...
lrmcdowell Donating Members 730 Member For: 13y 5m 1d Gender: Male Location: Randwick, sydney Posted 02/05/12 08:30 PM Share Posted 02/05/12 08:30 PM because everything is still in this recession, aren't they sending everything off shore to be made because it is cheaper and help save the companies from going down even if t means losing a few employees?even heard that they will start relocation people from over seas into housing and everything as they can work them at a much cheaper rate Link to comment Share on other sites More sharing options...
Henz Tampon inserted, Auto Acquired, next purchase a new handbag Donating Members 9,946 Member For: 16y 10m 7d Gender: Male Location: Vic Posted 02/05/12 08:32 PM Share Posted 02/05/12 08:32 PM Never knew giving someone a job, meant you had to employ them forever. 7 Link to comment Share on other sites More sharing options...
Paulie2256 Donating Members 7,441 Member For: 16y 2m 5d Gender: Male Location: SE Melbourne Posted 02/05/12 09:28 PM Share Posted 02/05/12 09:28 PM It's not bad actually, I can get to work a bit easier. Traffic still fuked when raining though. Link to comment Share on other sites More sharing options...
tab Sucker Moderating Team 32,303 Member For: 20y 9m 2d Gender: Male Location: Brisbane Posted 02/05/12 09:50 PM Share Posted 02/05/12 09:50 PM The Economist did a feature on the third industrial revolution a few weeks ago, essentially that manufacturing is shifting away from China and there will be massive job losses and complete upheaval once 3D printing gets a foothold.It still sounds like science fiction but is starting to be a proven technology. Would definitely mean the end for blokes like you Dags...no more casting/pressing/milling etc. of parts - they'll just be mostly produced by a three dimensional printer. And manufactured fairly close to the end of the supply chain so it will see distributed manufacturing and then end of massive factories.But yeah, all indicators are that it'll make the first two industrial revolutions look like mere hiccups. One thing that did surprise me was how little is actually manufactured in China and the likes, the example they gave was some dude pulled apart a new iPad and identified all of the components and where they were built and assembled. Was something like 30 hours labour in each iPad, only eight of which were from Asia. I honestly think our biggest problem is the mining boom, it has transferred so much skilled labour in to unskilled positions it's economically retarded. Everyone commands the big dollars now so businesses have to try and increase productivity by slimming down.Doesn't help when the gubbyment have their heads stuck in sand and will profess at every opportunity how wonderful everything is, when underneath the surface it's most definitely not. 1 Link to comment Share on other sites More sharing options...
Dillz Three pedals are better then two.. Donating Members 15,637 Member For: 17y 8m 1d Gender: Male Location: Melbourne Posted 02/05/12 10:02 PM Share Posted 02/05/12 10:02 PM Allot more people are coming onto the planet each year then leaving. And a trend like that can't last forever.. Simple.Best you can do is just make to most of it till we run out of food/energy/medicine etc. 1 Link to comment Share on other sites More sharing options...
Pazzo Donating Members 11,132 Member For: 14y 3m 5d Gender: Male Posted 02/05/12 10:05 PM Share Posted 02/05/12 10:05 PM Hate to say, but Henz post makes a lot of sense. Link to comment Share on other sites More sharing options...
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