Adam Here since the start... Lifetime Members 10,282 Member For: 21y 7m 29d Gender: Male Location: Victoria Posted 14/09/12 12:46 PM Share Posted 14/09/12 12:46 PM We all got pulled aside today to be told 9 people (out of about 20) will be made redundant on Tuesday and they'll finish on Friday. Defence is slashing funding everywhere and we need to trim 1000 hours per month. 3 weeks for every year of service, 4 weeks notice and pro rata long service leave. The longest serving employees would be entitled to about 35 weeks. I sure hope I'm not one of the 9. Link to comment Share on other sites More sharing options...
Krazy Kyle Get It To Wheelspin Uncontrolably Then Give It Another 5 Pounds Cruise Control 2,697 Member For: 14y 2m 3d Gender: Male Location: Work Posted 14/09/12 12:58 PM Share Posted 14/09/12 12:58 PM 2 Link to comment Share on other sites More sharing options...
Never had any say Panda I <3 Floods Silver Donating Members 11,198 Member For: 13y 4m 24d Gender: Male Location: South West QLD Posted 14/09/12 01:07 PM Share Posted 14/09/12 01:07 PM Even with the payout losing that many blokes in such a small team is a kick in the guts Adam.. Hope your not in the number.. Link to comment Share on other sites More sharing options...
The Outsider Donating Members 1,205 Member For: 13y 7m 9d Gender: Male Location: Burwood, NSW Posted 14/09/12 03:41 PM Share Posted 14/09/12 03:41 PM I sure hope I'm not one of the 9.from my personal experience, if your cheap then you will get the chop regardless of your skill set. Link to comment Share on other sites More sharing options...
Adam Here since the start... Lifetime Members 10,282 Member For: 21y 7m 29d Gender: Male Location: Victoria Posted 14/09/12 11:37 PM Share Posted 14/09/12 11:37 PM The company has invested quite a bit of money in me with training and qualifications, so I'm hoping they realise that. I'm also the team leader, so my day to day role is pretty important. Nothing is certain though given the high ratio of redundancies. Link to comment Share on other sites More sharing options...
Dagabond Bored Member Administrator 35,722 Member For: 22y 1m 11d Gender: Male Location: Dé·jà vu Posted 14/09/12 11:54 PM Author Share Posted 14/09/12 11:54 PM This thing is like a festering wound....Fortescue Metals Group lost $1.5 billion yesterday in a share price crash sparked by concerns the company was struggling to deal with its debts.The company confirmed market speculation that it had begun talks with its financiers over a temporary reprieve from having to adhere to stringent conditions related to about $10 billion in debt.Fortescue has been forced into the position by the collapse in iron ore prices in the past four months, which has threatened the profitability of its Pilbara mines.http://au.news.yahoo...t-crisis-bites/$1.5 billion loss$1.5 billion loss$1.5 billion loss$1.5 billion lossrelated to about $10 billion in debt. Link to comment Share on other sites More sharing options...
Adam Here since the start... Lifetime Members 10,282 Member For: 21y 7m 29d Gender: Male Location: Victoria Posted 14/09/12 11:59 PM Share Posted 14/09/12 11:59 PM What was the final fallout at your work Dag's? Link to comment Share on other sites More sharing options...
Dagabond Bored Member Administrator 35,722 Member For: 22y 1m 11d Gender: Male Location: Dé·jà vu Posted 15/09/12 12:35 AM Author Share Posted 15/09/12 12:35 AM ...4+16+22+unknown number form front office+unknown number from numerous other sites around the world+first number may be wrong=I've lost count. Link to comment Share on other sites More sharing options...
The Outsider Donating Members 1,205 Member For: 13y 7m 9d Gender: Male Location: Burwood, NSW Posted 15/09/12 01:27 PM Share Posted 15/09/12 01:27 PM (edited) I'm also the team leader, so my day to day role is pretty important. Nothing is certain though given the high ratio of redundancies.similar to my position back in 2009.team leader, able to operate all 3 production lines that we had.no other employee there was able to operate more than 2.let go because I had only been there 3 years.thankyou GFC.have moved on since then and havent looked back to be honest.on to bigger and better things.hope you get to keep your position. Edited 15/09/12 01:28 PM by The Outsider Link to comment Share on other sites More sharing options...
Worm A much better forum Silver Donating Members 3,808 Member For: 16y 5m 2d Gender: Male Location: Victoria Posted 15/09/12 01:48 PM Share Posted 15/09/12 01:48 PM This is the thing about being in education... There'll always be a job for me... It may be sh*t... I may be overworked... But I will always be able to get work...We can't get enough teachers. We have 115 staff and 25-30% are Indian/Sri Lankan and should not be teaching in an English speaking school, as no one has any f*cking idea what they are saying (well, the kids dont)...I guess I should thank my lucky stars... But it wasn't a walk in the park to get where I am... Link to comment Share on other sites More sharing options...
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