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Author Topic: Back to work or extended furlough/job insecurity  (Read 1303 times)
Jimmy Quinn

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« on: Wednesday, May 6, 2020, 10:32:43 »

With the government looking to slash the furlough payments to 60% in July many companies will have big decisions to make by the end of June. Call employees back, make them redundant or cause more uncertainty laying them off knowing that thousands won't be able to manage on the governments reduced income

https://www.dailymail.co.uk/news/article-8291781/Rishi-Sunak-set-plans-week-wind-furlough.html
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Bogus Dave
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« Reply #1 on: Wednesday, May 6, 2020, 10:37:03 »

Forget all the pearl clutching because Dave down the road goes on two walks a day - this is going to be what causes a second spike
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suttonred

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« Reply #2 on: Wednesday, May 6, 2020, 10:37:40 »

That's probably why they will try to fast track things. Next step when things get real tough, is social unrest will become a problem.
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Sippo
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« Reply #3 on: Wednesday, May 6, 2020, 10:39:34 »

I cannot see pubs or restaurants opening for the rest of the year. Social distance to remain for a while yet. Going out will be relaxed.

Shops will reopen, but for less time and distancing in place.
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If my calculations are correct, when this baby hits 88 miles per hour, you're gonna see some serious shit...
Jimmy Quinn

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« Reply #4 on: Wednesday, May 6, 2020, 10:44:35 »

That's probably why they will try to fast track things. Next step when things get real tough, is social unrest will become a problem.

I agree that the next step could be socisl unrest / looting etc if they don't fast track things
« Last Edit: Wednesday, May 6, 2020, 10:53:21 by Jimmy Quinn » Logged
Banker

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« Reply #5 on: Wednesday, May 6, 2020, 10:47:21 »

I agree that the next step could be socisl unrest / looting etc  if they don't fast track things

Cummings' opportunity crisis writ large.
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Wobbly Bob

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« Reply #6 on: Wednesday, May 6, 2020, 11:02:19 »

Play it loud.

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StfcRusty

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« Reply #7 on: Wednesday, May 6, 2020, 11:11:57 »

I agree that the next step could be socisl unrest / looting etc if they don't fast track things

There're no examples in recent UK history of groups of disaffected people turning to burning and looting shops during the shadow of austerity measures.

Oh, wait ...
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Legends-Lounge

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« Reply #8 on: Wednesday, May 6, 2020, 11:13:24 »

With the government looking to slash the furlough payments to 60% in July many companies will have big decisions to make by the end of June. Call employees back, make them redundant or cause more uncertainty laying them off knowing that thousands won't be able to manage on the governments reduced income

https://www.dailymail.co.uk/news/article-8291781/Rishi-Sunak-set-plans-week-wind-furlough.html

Not a valid thread. You cannot quote the Daily Mail here. Shame on you.
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The Artist Formerly Known as Audrey

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« Reply #9 on: Wednesday, May 6, 2020, 11:13:38 »

Hence why the government is keen to get the PL going. Opium for the masses!
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Thingie

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« Reply #10 on: Wednesday, May 6, 2020, 11:16:18 »

Some may be more vulnerable or closer than others, but I reckon most of us are not exactly in a secure job right now.

I'm working on a project linked to the MOD (not super secret), I really don't think the government are going to be splashing the cash in this area any time soon. They'll be broke.

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Sippo
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« Reply #11 on: Wednesday, May 6, 2020, 11:18:07 »

I think it will get even harder when the lockdown finishes. They will be less public spending from councils, rates will go up, petrol will rise as will shopping.

It is extreme circumstances.
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If my calculations are correct, when this baby hits 88 miles per hour, you're gonna see some serious shit...
horlock07

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« Reply #12 on: Wednesday, May 6, 2020, 11:23:22 »

Going to be interesting to see how employers deal with this and their duty of care responsibilities to employees.

Likewise after 100+ staff deaths I wonder when the HSE investigation into the NHS/govt will begin?
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Flashheart

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« Reply #13 on: Wednesday, May 6, 2020, 11:28:14 »


Likewise after 100+ staff deaths I wonder when the HSE investigation into the NHS/govt will begin?

It'll only end up in the same drawer as the Russian report and the Accuri investigation anyway.
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Simon Pieman
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« Reply #14 on: Wednesday, May 6, 2020, 11:29:30 »

Some may be more vulnerable or closer than others, but I reckon most of us are not exactly in a secure job right now.

I'm working on a project linked to the MOD (not super secret), I really don't think the government are going to be splashing the cash in this area any time soon. They'll be broke.



I work in M&A and my company's active portfolio has shrunk by 40% with minimal new clients coming in and can't see that changing until next year. The chances of selling many businesses in the active portfolio are very slim.
We've furloughed 70% of the workforce, whilst those remaining are getting paid for 3 or 4 days a week instead of 5. The business is relying on a successful CBILS application to see us through to next year, it's pretty dire right now.
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