what would you do?

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I got told today that my wage is being cut and there are going to be redudancies.

There is a possibilty of the whole business closing in January next year.

If I take redundancy now I will get 7.5k but if I get made redundant next year that figure will be slashed in half.

Do I stay put and take the pay cut and hope that the place doesn't collapse? or do I take the full redundacy money now?

I have three days to agree to the pay cut or dissagree, if I dissagree I will enter a formal consultation period with management and basically get sacked and leave with nothing.

 

If its have £7.5K or get sacked that seems pretty clear cut. What chance of other work is there in your area?

 

Hi GBL, sorry to hear you are in this situation however hard from what you've explained I would take the money and start looking for a new role.

However, the money should be used very wisely to make it last as long as possible. I can imagine this is not good news either way but I'd look for anything jobwise to keep the bills being paid etc.

Best wishes and hope you find something soon if you do decide to take the money which seems the viable option.

 

Yep it's printing, I would like to move on but there isn't anything.

There isn't anything in my area, but this would give me a fresh start and I could go back to Leeds as there may be a better chance of getting something down there.

Thanks it's just a difficult choice as it could be a good move to leave or it could be extremly bad.

 

Possibly, I know that printing is on it's way out as there is no future in news papers. Infact I had to set up a link to Kinning park in Scotland (The sun) a few months back because if the place does go down Kinning park can print all of our titles in a morning as they have a quadruple width press witch basically means they can print 25000 copies of a paper in 15 minutes whereas at out place it would take 50 minutes.

When I did that it sent alarm bells ringing and as I'm sure you will know senior management don't divulge things until they absolutley have to. So it could be that closure is already decided but they wont say anything until they have gone through all the legal ****.

 

yeah, **** to hear that GBL..

based on your current wage, how long would 7.5k last you?
do you think you could find another job where you're situated in that amount of time? (don't forget it'll be FULL TIME job searching... big difference imo?)

other than that, like you said- could move to leeds, where i'm sure there are plenty of jobs. 7.5k would get you a deposit for rent or even mortgage if you're lucky lol (might get a **** house tho ;p)

good luck though mate!

 

Well 7.5k would need to be added to 11k for my wage, I have already taken a 15% paycut in the last 3 years so now they want another 4.5% of me.

This really sucks, I just dont know what to do.

 

Yeah, they dont have a day shift there you see all they do is print the Sun and the sun motors at night. If my company was to print there it would cost them a million pounds but they would save two million in shutting this place down.

So it all depends on what out board of directors end up doing like Melvyn Bragg and Lord Inglewood. Maybe they need new extensions on their mansions n stuff like that.

Anyway I'm going to bed, probably to not sleep just think more about what to do.

 

ok so 18.5 / 12 is 1.5k
so you could last 5 months at your current salary (technically more as you won't be taxed on it) by taking that payout... do you reckon you'll be able to find another job in 5 months?

 

7.5K goes a long way towards establishing yourself in another area. If you do, make finding and getting a legit IT job your full time job.

 

Mate, it sucks to be in the position that your in. I worked in a print firm before I got my current job. I got laid off from there, and the place closed less than 12 months later.

If I recall correctly, you do loads of IT stuff, like configuring servers and things, without the recognition or salary to match. If I were in your position, I'd take the 7.5K and run. The print industry is pretty dire at the moment, and you've got the skills and experience to get yourself a pure IT job. As has already been mentioned, 7.5K goes a long way to setting yourself up in a new area if you want or need, and not having a job is the best motivation for finding one. Think of it as a blessing in disguise.

Whatever you choose, best of luck with it, I'm sure you'll be fine.

Maria

 

Take the 7.5K now.
If that figure is cut in half in 3-4 months then you'll be working for the next 3-4 months for your wage MINUS ~3.75K.
Simples.

 

As others have said, I'd take the 7.5k and run. The printing industry isn't likely to mount a resurgence anytime soon so best to take what you can grab and move on. Go for that first IT job, this is the perfect catalyst to do it.

 

Thanks for the replies everyone, I am still weighing up the pros and cons of everything as I believe if I do take the money it could be a vey big mistake but if I stay then yes I have lost some money but have stayed in a job.

 

if you come down to leeds I will buy you a pint!

you may still be in a job but is it a job worth having?