Worry about husbands future in insecure work

[worryingwarty]

My husband works as a general manager at a large holiday park, but he is not the owner. He has been there for a long time and hopes that one day the owner (very elderly) will offer him a management buy out, but we obviously don't know if he will.

I really worry that if the owner decides one day to sell the park, or his adult children take more interest and decide they want to run it etc that my husband will be ousted. He has 20 years experience managing large holiday resorts, both independents and the big UK companies and hasn't struggled for work before but he is mid forties and I worry from this age onwards is it harder to find work? I worry in his industry they'll pick all the new youngsters over him especially once 50+

20 years of experience is an amazing thing to have on his CV.
I'm sure he'll be fine finding another job if he had to.

Has your husband been told that there is the possibility of a management buy out? It seems an odd thing to hope for, so assume that he has been given the impression that it will happen.

If it doesn't happen - what's the plan? Can he continue working in his current role until retirement? Can he get similar work elsewhere?

It doesn’t sound any more insecure than any other employment. In any job there could be a change of management/ ownership / circumstance which changes a role.

If plan A is management buy out what is his plan B?

It's been alluded to, but nothing concrete and aware things can change.

If it doesn't happen I don't know the plan, my husband is happy to work there until retirement but there's no chance of my husband retiring before the owner is likely to pass (he's late eighties now) so what happens then will be the biggy, so it plays on my mind. I don't know if he can get similar work - I worry they'll hire younger people over him in this industry. He says there's no point worrying as it's all in the future and who knows what will happen.. but I can't help it!

If it doesn't happen - what's the plan? Can he continue working in his current role until retirement? Can he get similar work elsewhere?

Sorry I copied your questions so I'd answer them all and left them in

Is he worried?

Do you work?

Perhaps instead of worrying because that is very energy sapping, you could earn more yourself so if your husband had to find work there would be your wages as a household safety net.

He could also look for a new job before he is pushed out.

Many options but worrying about it all won't get you anywhere.

Could you afford to buy the holiday park?

You're spending time worrying needlessly over something you've no control over. What can you control? You can keep a healthy balance in your savings account and keep paying in to a retirement pot.

Yes I do work but no idea how to earn as much as he does. Can't seem to get past £27k!

Surely if the owner sells, or passes the park down to his adult children, this doesn't change your dhs employment rights? So either tuped over to new owners or made redundant or kept on?

OP his job sounds secure to me. He is not on a temporary contract that can stop with just 1 weeks notice. If he is made redundant he will get the minimum of I think 1 1/2 weeks pay for every year he worked there or something along those lines and many employers are more generous than.tje minimum.

If owner is in his eighties, can DH start the conversation about a buy-out now? I wouldn't wait until he died as I wouldn't want to be in a position of negotiating with strangers who didn't care about me and would just as well sell on to some private equity firm.

Honestly with his experience you're worrying unnecessarily. If he does need to find another job, he's in a great position and absolutely not too old. I get that it feels a bit de-stabilizing if he's worked in the same place for a long time but he'll be fine.