What would people suggest as an alternative? It probably goes without saying that a company can't make £400m losses too often before it goes bust.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Work for free?
- Thread starter Goat
- Start date
- Status
Whitebootman
Player Valuation: £35m
Workers co-operative.
They'll never get it off the ground though.
*whitebootman stops moaning and just looks after number one.
They'll never get it off the ground though.
*whitebootman stops moaning and just looks after number one.
Dangerous - and somewhat straw-like - road to go down there though, Bruce_Wayne, since highs and lows for capital investment are effectively "conditions of employment" for shareholders who theoretically receive a return on their investment which covers the risk premium of investing. And which shareholders, I imagine, would be very leery of connecting any return on capital to conditions for labour...
As far as "2000 redundancies" go, your question treats the concept as if it were an immutable natural force like the wind. (To be fair, much of the media does the same thing. "Business problems" = share price fall = cut costs = sack workers = natural way of things.)
What is the cost to society or social capital of 2000 redundancies versus 2000 people in jobs? Why, it might even be asked, are institutional investors bailed out for the billions of dollars/euros/pounds in knowingly worthless but temporarily profitable loans that they underwrote and labour on the other hand is required, as if God's hand had reached down and put the Mark of Cain on their foreheads, to forego the fruits of that labour.
As far as "2000 redundancies" go, your question treats the concept as if it were an immutable natural force like the wind. (To be fair, much of the media does the same thing. "Business problems" = share price fall = cut costs = sack workers = natural way of things.)
What is the cost to society or social capital of 2000 redundancies versus 2000 people in jobs? Why, it might even be asked, are institutional investors bailed out for the billions of dollars/euros/pounds in knowingly worthless but temporarily profitable loans that they underwrote and labour on the other hand is required, as if God's hand had reached down and put the Mark of Cain on their foreheads, to forego the fruits of that labour.
BT are 'loaning out' staff to competitors now to avoid redundancies.
Whitebootman
Player Valuation: £35m
Thats different. I like the idea of that. I see that the company that employees are loaned out to pays the wages, would that mean loaned employees retain their current pay? or would that involve a pay cut/rise depending on the 'local' terms & conditions?
I presume the wages would stay the same but don't know for certain.
Whitebootman
Player Valuation: £35m
I would have thought so as well. If that is so then there is no real difference between that and an internal transfer, I've had plenty of them, with the added benefit of exposure to different work cultures. As someone who's been with the same company for 20 years I'd be willing to give it a go. Lets hope though that the company I work at doesn't need to go down that road.
linglong
Player Valuation: £25m
When this mess ends will people who've for instance not had pay rises etc,lost time,taken pay cuts get thier money back from any company in a reasonable ammount of time?
I somehow think not this mess we've found ourselves could take many years to sort out and when things have got back to some sort of normality workers will rightly want thier share for helping companies out in this crisis,thats when the real crunch will come.
As for BA this sort of thing being suggested by a man who earns 3/4 of a mill a year is a bit rich tbh i somehoiw dont think he'll be taking a paycut/forced leave anytime soon.
I somehow think not this mess we've found ourselves could take many years to sort out and when things have got back to some sort of normality workers will rightly want thier share for helping companies out in this crisis,thats when the real crunch will come.
As for BA this sort of thing being suggested by a man who earns 3/4 of a mill a year is a bit rich tbh i somehoiw dont think he'll be taking a paycut/forced leave anytime soon.
- Status