So Disappointed in Gordon Ramsey

[Nanalisa60]

Just heard the he has laid off all his 500 staff in the uk !! He has paid them until the end of April!! Why could he just not put them In forlough for 80 % of there wages which will be paid by the government. We don’t know how long this will last , people need to have hope that they have a job to go back to when this madness ends.

I really thought the Gordon was better then this !! Just so so disappointed in him!!

If he plans to re-hire his staff, I can’t see an issue.

I saw him on Saturday Night Take Away and I thought he seemed ok.

Not getting all the hatred 🤷‍♀️

None of these multi-millionaires want to part with their money, even in a time of crisis.

So who exactly are these companies who are bending over backwards for their staff? And for how long?

Because it’s easy to state that you’ll pay your staff when we’re only talking about a three week lockdown. Move forward a month, two months, six months and I guarantee that most companies will have dropped their staff to avoid bankruptcy. But saying that you’ll stand behind them in the beginning while everyone is getting the publicity is good for your reputation. In a couple of weeks time nobody will even notice because everyone will have done it

Oh and if this thread gets pulled it won’t have anything to do with GR’s PR team.

And no, I don’t think that childminders should be expecting parents to pay for a service they are not providing. In fact I’d go so far as to say that childminders who insist on this will be benefiting from this because they won’t have the overheads e.g. food, electricity, fuel costs if they take the kids out, trip costs etc and yet I’m sure they’ll be charging the same amount.

I also love this summary of him by the late, great restaurant/TV critic, A.A. Gill

AA Gill was an odious little man who took every opportunity to look down on those who weren’t his kind. With 62 complaints to the PCC in 5 years, he was the kind of “controversial” writer who knew how to keep himself in the public eye and didn’t care who he used in that.

To those of you defending him what would you like to think you'd do in his position?
You're worth 50 million, even if the business was heading towards administration would you not think you'd feel some loyalty to your employees?

So who exactly are these companies who are bending over backwards for their staff? And for how long?

I suspect they are the ones who haven’t felt it necessary to release public statements about how wonderful they are and how they are paying their staff.

Ugh, again with the not a charity crap. Happy to make multi-millions in an industry where the majority are paid at or close to minimum wage, but God forbid he look after those workers during a temporary blip

You're worth 50 million

Which is probably mostly in inaccessible investments. Do you think he has £50m in his sock drawer?

@ 2littleguineas worth is a concept only. Much of that supposed wealth will be tied up in stocks, shares, property, all of which will have tanked in the current crisis.

It’s a well known scenario that we had a generation of paper millionaires who became bankrupt during the last financial crisis. You are only worth what you can physically lay your hands on, and if your shares suddenly become less than you paid for them then your wealth drops completely.

Now while many of these celebs are worth more in cash than the likes of you and I, the vast majority don’t have anywhere near the wealth in their pockets that they do on paper.

2littleguiness
I have no idea, we dont know that GR has 50 million cash at hand, you have no idea what the other commitments for those restaurants, they are high end expensive areas and the rents will be huge.
This is just another ignorant MN thread based on very little information but as usual assuming the worst about someone they know very little about.

@thegardeningyear

That's not true. I'm on furlough as is every other McDonald's worker. Not salaried, on a 30 hour contract but everyone, even those on zero hours have been offered it.

It's a bit of a red herring to say "He's worth £48 million".

Yes, he may be worth £48m, but unless he is SPECTACULARLY ill advised, that will not be sitting around in cash, ready to be paid to staff.

It will be tied up in property, which he'd have to sell before he can pay staff. I don't think I need to point out this isn't exactly a thriving time for the property market.

It will be tied up in companies, which he would have to liquidate before he got the cash. So in effect laying others off to pay his restaurant staff.

It will be tied up in investments, which have absolutely tanked over the last couple of weeks.

It will take the form of bonds and other debt issued, which he'd have to recall from other companies first. If they're going into liquidation and struggling, this is not something they will be able to pay back to him easily.

It will take the form of long-term ISAs or bonds, which can't be touched for X amount of years.

Cash which he can actually access right now to pay staff will be minimal, assuming he has any financial sense. I don't know how many staff he's got or how long he'd want to pay them for but even if he emptied his cash accounts he wouldn't have enough to pay them for very long.

People always do this with celebrities, they see a net worth figure and assume it's easily accessible cash. Only if you're an idiot would you keep £48m, or £100m, or whatever it may be, in cash.

temporary blip so how long do you consider temporary? Six months? A year? Five years?

Because even after we come out of lockdown (and experts are currently suggesting that that is likely to be extended until June at this point) the hospitality industry isn’t just going to pick up overnight. Not least because many of the customers it serves will also have lost jobs and no longer be in a position to dine out as they have before.

Well hopefully his staff will sue him for the abuse they've suffered.

Who knows how temporary it is - but he could have taken the government's offer to pay 80% of wages?

And it's pretty sick that we're all supposed to have 3 months in savings against a rainy day or we're being profligate ( even those living in the minimum) but businesses run by multi-millionaires like bloody Wetherspoons sack all their people in the first week.

Following

How do you know he could "easily" have loaned his company enough money to make a difference? Are you his financial adviser or accountant?

I meant technically. Technically it is not difficult for a shareholder to loan money to a limited company.

Equally you don’t know he doesn’t have some cash on hand more than he has done.

Finally going on Saturday night takeaway was an attempt to gain some good publicity. He’d have done better to keep his head down and stay off social media.

Also, but a charity, but anyone who's paying minimum wage or close to it to parents, or in a zero hours basis, is relying on the government to make up for poor wages in the tax-payer-funded benefit system.

Parasites.

"He's always seemed like a twat"

He's a bully. That clip of him calling someone a shit sandwich? Might have been exaggerated for TV but the fact they think that's anywhere near OK...

When this is over, do use the restaurants he re-opens, dont watch his t.v shows and dont buy his books.

He has paid them until the end of April as he is legally bound to pay their notice, you can't just sack someone and stop paying them (unless it's gross misconduct).

I'm not commenting/judging either way, just wanted to clear that up.

His books are useless anyway. The recipes aren't well written or easy to follow.

You do know that the government will decide if required to pay the 80% eventually if they accept the claim.

The business has to pay it in the interim until the government decide to start issuing grants.

For around 500 staff that could be £1,000,000 per month + other fixed expenses whilst the company earns zero.

It is not sustainable for months and months for many businesses.

You don't need to have millions in cash & who would. Doesn't stop you getting a loan though.