|
Economy
Aug 13, 2009 8:11:43 GMT -5
Post by factorychef on Aug 13, 2009 8:11:43 GMT -5
I work in a factory that laid off 100 people in March. They are now calling everybody back at the end of this month. Things must be much inproved as they are also forcing us to work every weekend up to November.You may take vacation during the week but you'll be in on the weekend. I am old enough to retire but I need health insurance as many others. I have type 2 diabetes and can't find any. If and when we get some kind of health plan I will be first out the door. Being the cook in the family and working second shift I don't get very much sleep. I get home at midnight and play guitar for and hour or so and I am up by 5 or 6 am. I hope my days are numbered!
|
|
|
Economy
Aug 13, 2009 8:26:19 GMT -5
Post by Resolve on Aug 13, 2009 8:26:19 GMT -5
I hope my days are numbered! Nooooo! Don't wish for that! Life isn't all that bad! ;D (Seriously, I do hope things level out for you...sounds grueling!)
|
|
|
Economy
Aug 13, 2009 8:37:57 GMT -5
Post by Marshall on Aug 13, 2009 8:37:57 GMT -5
|
|
|
Economy
Aug 13, 2009 8:40:09 GMT -5
Post by PaulKay on Aug 13, 2009 8:40:09 GMT -5
Per chance does your factory provide parts to the auto industry?
|
|
|
Economy
Aug 13, 2009 8:47:34 GMT -5
Post by mccoyblues on Aug 13, 2009 8:47:34 GMT -5
I see all of this as good news since November isn't that far off and you are back to work earning a living and providing for the family. You need the insurance too.
The lost sleep and the family meals seem like simple issues to deal with in comparison.
I can understand the desire to retire and put it all behind you but now doesn't appear to be your time.
|
|
|
Economy
Aug 13, 2009 9:06:53 GMT -5
Post by omaha on Aug 13, 2009 9:06:53 GMT -5
We're definitely seeing an uptick. If I had to guess, I'd put the turning point right around June 1.
|
|
|
Economy
Aug 13, 2009 9:20:24 GMT -5
Post by knobtwister on Aug 13, 2009 9:20:24 GMT -5
We're definitely seeing an uptick. If I had to guess, I'd put the turning point right around June 1. +1 Exactly my prediction for jobs to come back.
|
|
|
Economy
Aug 13, 2009 9:25:41 GMT -5
Post by theevan on Aug 13, 2009 9:25:41 GMT -5
Just now we have seriously slowed. Lots of canceled jobs. Idled workers. Layoffs loom. Most of it seems to be big REITs who've been clobbered elsewhere in their portfolios.
|
|
|
Economy
Aug 13, 2009 10:19:50 GMT -5
Post by factorychef on Aug 13, 2009 10:19:50 GMT -5
We make Brass and copper coils and metal for coins,auto,weapons,electronicsand lots of other items.
|
|
|
Economy
Aug 13, 2009 10:23:03 GMT -5
Post by omaha on Aug 13, 2009 10:23:03 GMT -5
Just now we have seriously slowed. Lots of canceled jobs. Idled workers. Layoffs loom. Most of it seems to be big REITs who've been clobbered elsewhere in their portfolios. Sorry to hear that. FWIW, I was having lunch with a guy yesterday that talked about a major slowdown on the part of companies supplying hotels. Seems that all the projects that were in flight when the recession hit have been completed, but the pace of starting new projects has slowed to a crawl. Now that's starting to hit. Hopefully things pick up for you soon.
|
|
|
Economy
Aug 13, 2009 10:32:20 GMT -5
Post by majorminor on Aug 13, 2009 10:32:20 GMT -5
We got noticeably busier in July and might actually string 2 strong months together(knock knock)
But - I have little faith in the depth yet - the psychology of the consumer is still pretty fragile. And as long as *actual* unemployment rates are above 10% things will lag. After months of nuclear winter in the construction biz things just being crappy might feel better than it really should.
|
|
|
Economy
Aug 13, 2009 10:36:03 GMT -5
Post by Village Idiot on Aug 13, 2009 10:36:03 GMT -5
Bob, isn't your factory owned by Koreans? Or partially? Just wondering.
|
|
|
Economy
Aug 13, 2009 10:43:45 GMT -5
Post by dradtke on Aug 13, 2009 10:43:45 GMT -5
(knock knock)
That's particularly funny coming from a guy in the door business.
|
|
|
Economy
Aug 13, 2009 10:43:46 GMT -5
Post by Marshall on Aug 13, 2009 10:43:46 GMT -5
Slowing to a crawl ? ? ?
The bottom has fallen out of the construction market. The biggest local commercial interiors contractor (not my bag) was quoted in a biz article that their biz is down 70%. . . . , DOWN ! And when questioned about the economy turning around he said he doesn't think the const market will be back off life support for 5 years.
The ramifications are seen everywhere. I'm working with a consortium of people on a big university job going out to bid on Monday. It's supposed to be a $40 Mil project. The rumor is that bids will come back at about $30 mil. Sounds nice, until you realize probably 40 companies will bid on it and you're GUARANTEED to get the guy who screwed up the bid bad and will end up with shortcuts and ridiculous change order requests and a potential feeding frenzy of litigation once the thing implodes on itself.
And that's the good news.
Unemployment in the A/E professions is very high. A friend's kid graduated from college in Architecture. Her professors said don't even bother applying for jobs in the field. Find something related if you can.
(Good news for Tramp's boy, is that the herd is being culled and by the time he graduates there should be some relief and companies are more willing to hire fresh new inexpensive help when finally gearing up again.)
But for now it's the roughest I've seen.
|
|
|
Economy
Aug 13, 2009 11:02:51 GMT -5
Post by aquaduct on Aug 13, 2009 11:02:51 GMT -5
The last 3 weeks have got me sleeping well and not thinking about the economy for the first time in decades.
What a change.
|
|
|
Economy
Aug 13, 2009 11:08:01 GMT -5
Post by millring on Aug 13, 2009 11:08:01 GMT -5
Wait until the first winter wherein the cap'n'trade doubles the home heating prices. We've not seen panic yet.
|
|
|
Economy
Aug 13, 2009 11:23:22 GMT -5
Post by Supertramp78 on Aug 13, 2009 11:23:22 GMT -5
"(Good news for Tramp's boy, is that the herd is being culled and by the time he graduates there should be some relief and companies are more willing to hire fresh new inexpensive help when finally gearing up again.)"
Actually he took a look at the job prospects for 'brick and mortar' jobs and bailed. He made the move official last semester to shift to the Architecture's Visualization department. Primary fields of study are graphics, computer animation, programming to support both. Graduates from that program have been snatched up by Disney, Sony, Dreamworks, and Pixar since it started. The Department head is a former graduate who left his job at Lucas's Industrial Light and Magic to become Dean. Right now their placement rate is close to 100% and some people are being hired before they even graduate.
|
|