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Laid Off (global Financial Crisis)

RBJ3T

By RBJ3T,
in Victoria

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RBJ3T Proficient

RBJ3T

Posted
Posted

Well,

As I work in sales (recruitment) my work relies soley on me making sales. As I'm sure you are all well aware the global financial crisis is hitting a lot of businesses. So today I came in to a meeting only to realise that in fact it was a meeting to tell me I am being laid off. FARK!!!

The thing that pissed me off the most is they are trying to get me to resign as of Friday and they will writte me references and find me a new job. I nearly did when I realised that I wouldn't get any pay in lieu if I did this. Sneaky bastards. So Before a letter came my way I forwarded my letter of resgination with 4 weeks notice. As per my contract. Lets just see what they do now.

I guess there is no real reason to this post except to say I am pissed off royaly on how much time and effort you can put in to be chewed up and spat out. I guess buisiness is a harsh world sometimes. 1 am the 4th in 3 weeks but the other resigned. I'm calling their bluff.

Anyone else suffer this fate as well?

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https://www.sau.com.au/forums/topic/255544-laid-off-global-financial-crisis/
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dezz Grand Master

dezz

Posted
Posted

I always tell everyone there's NO friends in business, no matter how much you think your friends with your bosses or whoever...

My dad was made redundant 2 weeks before Christmas a few years back...Just randomly called into the bosses office on a Thursday afternoon, given the news and escorted out (Massive company, and he was very high up, held all passwords etc so obviously they don't want him around after he's been told he's gone)

He was told that his position no longer existed, but that there was a new position being created, and as he was clearly the most qualified, he should apply for it...wink wink etc..

The boss then gave the position to a mate of his, who had no idea what he was doing, and resigned 2 months later. :P

Pointless story, but still...NO FRIENDS IN BUSINESS. EVER.

N1GTR Grand Master

N1GTR

Posted
Posted

Sales is and always has been a high turnover of staff. Were you hitting your targets?

Im in sales myself, and have seen PLENTY of "sales reps" come and go. The important thing to remember is there's a difference between the levels of sales reps out there. For example if you have a background from residential direct (and were good at it) you can walk onto a job in 90% of businesses, compare that to say where i worked last we had 2 people brought on to do my paperwork cause i was doing very well there and the time spent doing paperwork was basically down time for me, so 2 juniors were put on. They had aspirations of learing how to sell and joining the sales team. Well, they never had a chance! They were hired and advised of the possibility and to work hard etc. As soon as i left there they were gone. Since i left (my choice, not theirs) they've sacked2 of the other "sales reps" who were basically never hitting target. Its harsh out there for a person who tries sales and doesnt perform. Glad to hear you're not letting them shaft you :P

As long as you've got great references and a VERY strong sales orientation do what i did at my last place - walk in and take a very low retainer but negotiate for a high commission plan, never go for profit share, but always secure something along the lines of "overrack" ( eg, you sell a product for 1500 but the normal price is 1400, you should get some of the difference otherwise whats the point?). Then go nuts! as an example i had a 15k target of total sales (any of the companies products) to do in my first month, finished at 19k, second month moved to 20k target finished with 27k, third month moved to 25k finished with 29k, fourth month moved to 30k, finished at a touch under 40k. Then negotiate salary or even move into a different area, i took the second option and moved to development. Food for thought :banana:

some_cs_student Veteran

some_cs_student

Posted
Posted
<cut>

The thing that pissed me off the most is they are trying to get me to resign as of Friday and they will writte me references and find me a new job. I nearly did when I realised that I wouldn't get any pay in lieu if I did this. Sneaky bastards. So Before a letter came my way I forwarded my letter of resgination with 4 weeks notice. As per my contract. Lets just see what they do now.

<cut>

Anyone else suffer this fate as well?

I haven't heard of a section of contract law that allows a quick termination without 4 weeks notice OR some kind of appropriate payout

Nice work with the letter of resignation, I've lost a team member without knowing it (I found out from Facebook that he was given 4 weeks notice or the option of unpaid leave!)

And there's rumors that the company may be cutting a lot more jobs...

saff_cossie Grand Master

saff_cossie

Posted
Posted

How long had you been there? If it was any length of time, you could have void any redundancy pay by handing your notice in. Normally I though they must pay your notice out at least as long as it isnt a sacking. E.g escort you off site with your notice and 4 weeks pay or allow you to work your 4 weeks. However, someone I know was let go with 2 weeks notice which is harsh especially with a big financial commitments.

eMsta Grand Master

eMsta

Posted
Posted

That is 100% true dezz - business doesnt give a crap about who is friends with who. My work laid off about 150 people over hte last year. Pretty scary - specially cos a few of us just started in the last 12 months. My plan is to keep a back up plan going......hence why im doing a PT course, and trying to get another extra income source.

Bad luck RBJ3T - im sure you will find a job soon. There are still heaps out there, just have to keep trying.

I always tell everyone there's NO friends in business, no matter how much you think your friends with your bosses or whoever...

My dad was made redundant 2 weeks before Christmas a few years back...Just randomly called into the bosses office on a Thursday afternoon, given the news and escorted out (Massive company, and he was very high up, held all passwords etc so obviously they don't want him around after he's been told he's gone)

He was told that his position no longer existed, but that there was a new position being created, and as he was clearly the most qualified, he should apply for it...wink wink etc..

The boss then gave the position to a mate of his, who had no idea what he was doing, and resigned 2 months later. :happy:

Pointless story, but still...NO FRIENDS IN BUSINESS. EVER.

JAS-25T Grand Master

JAS-25T

Posted
Posted
Well,

As I work in sales (recruitment) my work relies soley on me making sales. As I'm sure you are all well aware the global financial crisis is hitting a lot of businesses. So today I came in to a meeting only to realise that in fact it was a meeting to tell me I am being laid off. FARK!!!

The thing that pissed me off the most is they are trying to get me to resign as of Friday and they will writte me references and find me a new job. I nearly did when I realised that I wouldn't get any pay in lieu if I did this. Sneaky bastards. So Before a letter came my way I forwarded my letter of resgination with 4 weeks notice. As per my contract. Lets just see what they do now.

I guess there is no real reason to this post except to say I am pissed off royaly on how much time and effort you can put in to be chewed up and spat out. I guess buisiness is a harsh world sometimes. 1 am the 4th in 3 weeks but the other resigned. I'm calling their bluff.

Anyone else suffer this fate as well?

How long had you been there? If it was any length of time, you could have void any redundancy pay by handing your notice in. Normally I though they must pay your notice out at least as long as it isnt a sacking. E.g escort you off site with your notice and 4 weeks pay or allow you to work your 4 weeks. However, someone I know was let go with 2 weeks notice which is harsh especially with a big financial commitments.

Thats what I understand as well. Anyway if they gave you notice, verbally or otherwise they need to pay a redundancy pay (unless you've been working with them for a short period)

NickR33 Grand Master

NickR33

Posted
Posted

my Mrs got laid off 5 days before christmas... she was TV producer at an Ad agency who have Holden as one of their major clients... she hadn't been there for 12 months yet so was cheap to get rid of

however she already has 3 offers, so the economy can't be that bad... yet...

~R33AzzA~ Proficient

~R33AzzA~

Posted
Posted

We were all told last week that all office staffing positions were under review but all production jobs were fine. I work in quality which is both in the office and the production, so I don't know where my job lies. I'm hoping for a redundancy payout though, I'm ready for something different.

djhatzigiannis Explorer

djhatzigiannis

Posted
Posted

got a felling im gonna get the sack...no work at my company atm....normally we book up 4 weeks in advance and yesterday we caught upto jan27 orders...guess people aint buying soft furnishing anymore.

geraus Mentor

geraus

Posted
Posted

sorry to hear mate, but yeh i work in retial ! and mate its pretty harsh, depending on how much sales you do , the more hours u get.. the cos of this currency stuff up, the casuals r gettin less hours!

R TUNE Mentor

R TUNE

Posted
Posted

My advice,

www.defencejobs.gov.au or 131901

have a look and see what u like also points to knote if u get in.

secure job (unless u do something stupid)

good pay (most privit pays are around $45000-$60000 PA)

free medical, dental, and other services.

cheep accomerdation and food if u live on base.

and bloody grate fun

one of the best jobs in the bussness
_Ryan_ Grand Master

_Ryan_

Posted
Posted
My advice,

www.defencejobs.gov.au or 131901

have a look and see what u like also points to knote if u get in.

secure job (unless u do something stupid)

good pay (most privit pays are around $45000-$60000 PA)

free medical, dental, and other services.

cheep accomerdation and food if u live on base.

and bloody grate fun

one of the best jobs in the bussness

www.apsjobs.gov.au

government job search engine, they rather you work for them than they pay you for not working ;)

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