Brighton Sky Blue
Well-Known Member
The difference is that 2008 was a financial crisis where the government took shares in banks to keep them afloat. This is a pandemic disease
We survived the recession with no help from the government so I'd say if the government were willing to part pay peoples salary then the powers that be would be crazy not to except the offer. Maybe the government are saying that in exchange for cash they want x amount of the business? I might be wrong but it rings a bell that during the recession the then government tried that trick? Like I said I might be wrong.
More conspiracies Steve
I don’t see how the company can claim it - it’s going to have to present an argument that those workers are expendable otherwise. Also how can it keep paying their pension contributions?
I don’t see how the company can claim it - it’s going to have to present an argument that those workers are expendable otherwise. Also how can it keep paying their pension contributions?
Union is meeting JLR top bods tomorrow. No inside knowledge but imagine most of production will be furloughed if possible.
Whitley and Gaydon staff non engineering are working from home however most are on an increased working week which can be pulled at any time (3 extra hours a week for 8.1% extra).
Bonus usually paid in June which could be deferred.
There are measures which JLR could use to improve their immediate cash flow problems.
The other big one which is more detrimental to the local economy is shutting production means not paying suppliers.
JLR is in a mess but still think they’ll struggle on a while longer.
We survived the recession with no help from the government so I'd say if the government were willing to part pay peoples salary then the powers that be would be crazy not to except the offer. Maybe the government are saying that in exchange for cash they want x amount of the business? I might be wrong but it rings a bell that during the recession the then government tried that trick? Like I said I might be wrong.
What union? They're a waste of time these days.Union is meeting JLR top bods tomorrow. No inside knowledge but imagine most of production will be furloughed if possible.
Whitley and Gaydon staff non engineering are working from home however most are on an increased working week which can be pulled at any time (3 extra hours a week for 8.1% extra).
Bonus usually paid in June which could be deferred.
There are measures which JLR could use to improve their immediate cash flow problems.
The other big one which is more detrimental to the local economy is shutting production means not paying suppliers.
JLR is in a mess but still think they’ll struggle on a while longer.
I see Putin has declared a paid week off work for everyone in Russia so they’ve all booked holidays at the Black Sea resorts. Not sure that Russia has clocked what’s going on in the world but then Putin has spent the last few weeks referring to Coronavirus at the Western virus. A bit like Trump referring to it as the Chinese virus. The lunatics have taken over the asylum.
Trump thinks by June 1st they will be way on the road to recovery, hopefully we’ll be well on our way by then too!
I wouldn't be that fussed if we were in government hands. Theyd be no more moving work abroad for cheap labour.Why shouldn't they? We keep getting told that government should be run more like a business so in the same situation and a business tried to take advantage of another struggling with cashflow etc with a ridiculous low bid takeover/merger bid, or a financier/venture capitalist offered a loan with massively hiked interest rates that'd be considered totally acceptable. Why shouldn't government play hardball as well? These are the terms - take them or go out of business.
One thing I find staggering on the Chinese situation is how has Shanghai a city of 30 million with a highly dense population managed to contain the cases to 350? Look at Beijing s numbers also.
If the company runs out of money paying the wages are they then eligible? Is it even a condition that workers need to be expendable? I thought any business can claim it if affected even if it’s just due to reduced demand? I’d imagine the cash reserve would last a lot longer if all they had to pay were pension contributions.
Sent from my iPhone using Tapatalk
Theres been no production at solihull since march the 23rd.Union is meeting JLR top bods tomorrow. No inside knowledge but imagine most of production will be furloughed if possible.
Whitley and Gaydon staff non engineering are working from home however most are on an increased working week which can be pulled at any time (3 extra hours a week for 8.1% extra).
Bonus usually paid in June which could be deferred.
There are measures which JLR could use to improve their immediate cash flow problems.
The other big one which is more detrimental to the local economy is shutting production means not paying suppliers.
JLR is in a mess but still think they’ll struggle on a while longer.
All staff I know are working from home - if they end up stopping production then however long the lockdown is you end up with another 12 weeks of no money after that.
They can lay the production line off for sure but staff? Beginning of the end of that happens
If you hear anything you’re not comfortable sharing in public please feel free to DM me.
I’m on the increased working week and they should have dropped that weeks ago IMO to save some costs.
Sent from my iPhone using Tapatalk
Why shouldn't they? We keep getting told that government should be run more like a business so in the same situation and a business tried to take advantage of another struggling with cashflow etc with a ridiculous low bid takeover/merger bid, or a financier/venture capitalist offered a loan with massively hiked interest rates that'd be considered totally acceptable. Why shouldn't government play hardball as well? These are the terms - take them or go out of business.
Like I say no inside knowledge but don’t see how the company can pay production staff when they’re not making or selling cars.
The iww whilst great for those like me who are on it has always been an extravagance in my opinion, and the current circumstances would justify removing it especially as the majority of us are working from home and not incurring travel expenses.
I’m thinking out loud really but targeted measures that maintain jobs are surely the unions options. Otherwise it’s mass redundancies which I think will still come further down the line.
The lunatics have always been in charge of the asylum. Everybody else is too busy running around putting out the fires they start to notice
The union did send some communication which said they would be focussed on measures that maintain jobs but I think the company is going to struggle to survive let alone not have any redundancies.
Sent from my iPhone using Tapatalk
just another delusional dictator.Anyone seen Belarus? Total nutters
It’s all about playing for time; China are on the whole back to work so car sales there whilst not where they were will start to increase in the next few months. Plus there’s other parts of the business such as parts which bring in revenue.
It’s no secret the company needs restructuring even without Coronavirus and there were plenty of rumours of tats looking for buyers.
I still think we may end up being nationalised to try and keep high end engineering and manufacturing in a post brexit world.
just another scammer praying on the guilible and stupid. But a good "business" as his net worth put around 760 million dollars.
Pandemic over
Thanks Ken.
Just had email from HR saying they’ll be looking to put people on furlough where possible. Anyone already stood down will be on furlough.
yes just had the same although was good to hear JLR will make up the 20% for April at least.
yes just had the same although was good to hear JLR will make up the 20% for April at least.
Sent from my iPhone using Tapatalk
Yes, social unrest will surely grow the longer people are stuck at home. Don't know about anything to suggest food shortages yet, but weather people will have the money to pay is something else. I would hope those that have worked will get by with their 80% and trim accordingly, hopefully taking advantage of holiday payments for mortgages. Those that haven't, presumably they are already on benefits and budget as best they always have.If this drags on for months you cant see any social unrest kicking in? People will only stand so much. After all,as contagious as this its only a fraction of the population that its affecting. What happens if food shortages kick in? You cant see people looting etc?
It will be interesting to see how they make a sliding tackle while still keeping 2m away.Sport Bible reporting seasons to be finished in 4-6 weeks behind closed doors not sure how they can call that one
About re-joining it you mean?Even in 40 years there will still be those so obsessed with the EU that they’ll still be ranting about it.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?