Video
A how-to guide to layoff / make redundant staff or employees.
Does this sound familar?
Caution to the wind (Credit Crunch Anthem).
Here is quite a clever video by the guys at Rebel Virals. They have used the Elton John tune “Candle in the wind” for this video.
Prudent housekeeping at ITV as 600 jobs to go.
Here is ITV’s Executive Chairman Michael Grade talking about the recession and the job losses that are to follow at ITV.
Listen to how many times he um’s or uh’s when he has to mention the bad news.
We will manage our way through this recession with minimal affect on our viewers uh’ um’, it’s prudent housekeeping… It’s just horrible, not what any of us come to work to do uh’, the fact is uh’, it’s made necessary by forces absolutely outside of our control.. uh’ and it’s absolutely horrible uh’ that the global recession means that we are going to have to lose valuable colleages. It’s just horrible.
Hardly sincere Mr Executive Chairman.
It comes after ITV reported pre-tax losses of £2.73 billion after it wrote down the value of assets on its balance sheet. This is 41% down on their 2007 forecast.
Pre-Tax Losses = badly run business Mr Executive Chairman, and now 600 people are paying the price for these losses.
Job losses = 600
Related Links:
How to NOT become a Crunch Victim in 120 seconds?
Here is some good advice from Dr Richard Dixon on how to survive the credit crunch. It could be anyone with “common sense” standing there telling you what you should be doing.
Unemployment soaring in China.
Recession Risk – Peter Schiff Was Right 2006 – 2007.
I stumbled upon this interesting video. This is a set of clips of Peter Schiff from 2006 and 2007. Here he tells the media what he thinks will happen in 2008 and the future in terms of a recession and the risk of major losses.There are two idiots (Arthur Laffer and Charles Payne) arguing against him. It’s actually quite funny listening to these numpties. They even joke and laugh at Peter Schiff, but he is spot on with his predictions. Definitely worth a watch.
I guess the question we should be asking is where is Arthur Laffer and Charles Payne today? I bet they are not advising people on their finances or being interviewed on TV.
Fear is causing fear among existing employers.
The amount of job losses in the past three months is frightening and it doesn’t appear to be letting up either. Job losses were discussed on Channel 4 tonight. If the video doesn’t work then you have this link to Channel 4 News.
The job discussion starts at 01:52 and runs until 06:06.
