Damn recession, I am currently "between projects". The "Big Guy" said that it may be "a while" before we get the next contract. I now have time on my hand but no money in my hand.
"Between Projects"
- Thread starter Rockslinger
- Start date
elmo said:
I hope when you are "between projects" people will be more sympathetic. Yes, it can happen to you.
There will be a lot of layoffs for contract and FT's over the next year. My current company decided to chop a very large percentage off my rate but at least I still have a contract.
I am not hurting in the money department but I have decided to stop seeing SPs.
I am not hurting in the money department but I have decided to stop seeing SPs.
Radio_Shack said:
The "Big Guy" said that the worst is yet to come. Some of the guys have packed up and left for Alberta but I am getting reports of a "3 feet" rule there. (The "3 feet" rule should be ruled unconstitutional.) Also, oil is banging $35 a barrel so a lot of projects in Alberta are being "deferred".
If anyone is thinking of buying a Toronto condo, be patient and wait. You will be shocked at the price drop in the coming 12 months due to oversupply (there are currently 180 cranes littering the Toronto skyline).
It's tough for everyone. I could probably get layed off anytime and my networth is down about 40% or so. The problem is that my spending is only down 10% and I have I'd say very expensive taste. So technically, the rest of my money could be gone within 2 years. I think in this environment, it's about trying to save as much as you can. Unfortunately, with our 'interests', it certainly isn't cheap. Good luck everyone!!
hatztowork said:
Did you know that "independent contractors" don't get severence nor qualify for UI? What a bummer. Some of the guys are actually thinking of going to the Middle East but with oil at $36 a barrel, things are tough in Dubai as well. Of course, there is always Iraq if you don't mind getting killed.
Cycleguy007
Banned
I really feel for anyone in this situation ESPECIALLY if you have a family to support... and especially at this time of year. It happened to me about 10 years ago... got "downsized" from the company I worked for- after 18 years. Then another guy & myself got together and started our own biz... it was a little tough for the first year or so, but through hard work and determination we made a go of it... plus we were able to latch onto the right clients early on, and have never looked back. In hindsight... getting downsized was the best thing that could have happened to me. 
Cycleguy007 said:
Back in the 1990's, a bunch of "techkies" got downsized from the company. They went out and formed their own computer service company and were later bought out by IBM and became multimillionaires.
I actually like a bit of down time between projects but the "Big Guy" said this time is different. Nobody has any money and there is no new contract in sight.
I'd say its good for about fucking $1400 a month. That's $1400 a month that doesn't come out of your savings until you find another job. I recognize that someone with a family won't be able to make ends meet on that. So if there are no savings to supplement EI, then things will definitely be tough. Unfortunately, it seems that is the way people want it. And maybe they are right. Maybe a $2000/month or $2500/month max means some people can get pretty comfortable. What kind of cap would you like to see on it?a 1 player said:
Sorry to hear of you plight, Rockslinger.
Why do all the layoffs and whatnot seem to happen just before the holidays??
Why do all the layoffs and whatnot seem to happen just before the holidays??
capncrunch said:
Thanks for your sympathy. There are a lot of us in the same boat (sinking).
They shoot people before the holidays to save on Christmas bonuses. The "Big Guy" said that the worst is yet to come so hang on to your jobs (take a pay cut or part-time hours if necessary). I knew I should have taken that job at the TTC when I had the chance.
Cycleguy007
Banned
If you think its bad now... wait till Jan 2nd... Many companies will actually wait till just after the holidays to make announcements like this- particularly retail service companies... It ain't over by a long shot yet.
