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Original poster

First Brexit employment casualties

616 replies

Stopyourhavering · 25/06/2016 15:02

dd graduated this week, happy times.....phoned this morning to say that 2 of her friends, who had also graduated ( business/law degrees) and been offered jobs had been telephoned by their prospective employers to say that because of Brxit, they were now basing their headquarters in Berlin rather than UK and would no longer be employing them......I fear this is just the start....I am so angry and upset for our youth. My ds and dd2 are so angry and feel betrayed....I wish 16 &17 year olds had been given a vote as I feel they had a better handle on the repercussions of Brexit

OP posts:
CoteDAzur · 27/06/2016 22:41

Sorry to hear that, Effic. Those who think companies are not already upping sticks are deluding themselves.

prettybird · 27/06/2016 22:47

CotedAzur - I did also say it was irrelevant where you lived anyway Wink

ManonLescaut · 27/06/2016 22:47

I'm so sorry to hear it effic.

Figmentofmyimagination · 27/06/2016 22:50

"Once the EU is out of the way we can reverse the working time directive, lengthen hours, cut sick pay and take off the overtime portion of holiday pay.
Increased productivity overnight.
Not great for labour relations, but the tories keep the unions in check. And without the Scots we'll never vote labour in again".

Do you ever stop to wonder why all these people became so alienated - or even spot the connection between the positive decision the attack trade union recognition from the 1980s and the way in which workers' wages went south while CEO wages went stratospheric?

Even now, there is no plan for union presence in any of the negotiating teams to try to sort out this mess - even though trade union officials in the larger manufacturing companies are the very people who have been trying to sell Remain on the shop floor, and trade unions have been trying to persuade the government for years and years of the need for an industrial strategy?

Jesus Christ.

justbogoff · 27/06/2016 22:55

I said that wasn't my opinion, but one I have heard.

Voting out of the EU has damaged our trade unions, they very actively campaigned for remain - was no-one listening?

LaurieMarlow · 27/06/2016 22:56

So sorry effic

prettybird · 27/06/2016 22:57

Sorry to hear that Effic. Is there any chance of your dh finding anything else here?

But brace yourself to bring told that such announcements are not possible, that consultations have to be gone through, that companies wouldn't make decisions that quickly Hmm

You see it's all a figment of our imaginations and even if it's happening, it's not Brexit's fault, it's those nasty markets for overreacting.

It's the latest version of Schrödinger's EU : remember the immigrant that is simultaneously stealing your job while scrounging our benefits Confused?

HelenaDove · 27/06/2016 22:59

Sorry to hear that effic. That is shit Thanks

Figmentofmyimagination · 27/06/2016 22:59

"You can't just make 400 people redundant without consultation. If you plan to make more than 20 people redundant in the 90 days it's compulsory to consult with them.

I assume that when people say that they've had redundancy notices they've - in many cases - been told that there's going to be consultation, as you just cannot implement large scale redundancy without this.

m.acas.org.uk/index.aspx?articleid=4256"

Touching naivety on display here. Yes there is a statutory obligation to consult if you make 20 or more redundancies, but large businesses - especially in finance - just pay out the equivalent of the protective award to each affected employee as an extra month of wages, or three months if more than 100 workers are affected.

In passing, it's worth noting, of course, that the obligation to consult collectively comes from - you guessed it - the EU. It is one of the many burdensome regulations the Leavers have in their sights. Employers just hate having to pay that extra one month - three months, or, heaven forbid, actually having to engage collectively with workers' reps before sacking their staff - what is the world coming to - we are bigger and cooler than this here in the UK. We like the cut and thrust of hire and fire. It's what drives our job creation.

Figmentofmyimagination · 27/06/2016 23:03

Limer

"So many knee-jerk reactions. The UK hasn't even put in the request to leave yet, all that's happened is that there's been a load of dick-swinging and posturing. The EU isn't exactly either strong or stable, facing the prospective exit of one of its biggest and wealthiest members. They're the ones who are panicking - no company is going to want to invest within the Eurozone, when the Euro is spiralling down the drain."

Hey Limer I see you are still here! Well I do admire you for sticking with the script - all your fellow pre-brexit posters seem to have gone to ground, perhaps unsurprisingly.

ManonLescaut · 27/06/2016 23:03

On a lighter note I think larry may have got his slang confused.

'To take' means to buy, 'to hit' means to sell (to the buyer), if I say 'I got hit' (someone sells to me) that means I bought.

So 'taking a hit' meaning sell? - hmm... I've never heard it used that way.

And why would math would be using trader slang anyway?

justbogoff · 27/06/2016 23:04

Exactly figment.

The leave camp is split into the have's that want to cut down on red tape (mainly protection for workers), and people who bought into the lies told by leave.

To be fair, there do seem to be people who think that a recession is worth it to get rid of the EU, but I'm still not sure why.

Teapot13 · 27/06/2016 23:07

Lots of people on this thread saying businesses should have had contingency plans in place -- but the Brexiteers obviously didn't! They are the ones that should have a plan, instead of utter chaos. Cameron resigning, Boris backpedaling. . . It would be hilarious if it weren't such a disaster.

ManonLescaut · 27/06/2016 23:09

I think the point is that businesses do have contingency plans, and they're acting on them. It's the Tories without a plan B.

justbogoff · 27/06/2016 23:11

Most businesses had contingencies, and I think you're going to love them.

It'll take a few weeks to roll out, and many will be negative actions (not investing, not recruiting), some will be positive actions, relocating to the EU, putting prices up.

minipie · 27/06/2016 23:16

As regards "you can't just make 400 people redundant"

Many employment contracts these days have mobility clauses, which means the company can relocate you wherever it wants. They're not usually used - until now.

Effic very sorry to hear about your DH's job.

Effic · 27/06/2016 23:24

prettybird he says no. Says the whole industry will move out. Need to be careful as press embargo etc and don't want to drop him in it but they didn't didn't much want to be here anyway but combination of EU, English language and friendly government made it worthwhile. "A lack of any coherent plan by the government" was blamed and they are big enough and important enough to get to talk to the top table. They've apparently agreed to hold the news for a short while. As for consultations and the like - really don't make me laugh! Yes they are going to 'consult' - it goes like this. Senior leaders - we are going - if you want a job it's now in Germany or Italy. Everyone else - your redundancy payment is in the post

Whatthefoxgoingon · 27/06/2016 23:32

So sorry effic.

I had to let go two people today. It was awful and only the beginning of the redundancies. We will be hearing of a lot worse in the next few months.

Tabsicle · 27/06/2016 23:45

I work in the third sector. Three major grants going to Scottish charities fell through today, days before money was due to be transferred. Apparently EU grants to British organisations have been frozen. A major medical research project is also looking set to fold which is particularly gutting.

It's been a bad week so far.

mathanxiety · 28/06/2016 02:02

'Taking a hit' only has one meaning..being sold. It is not an ambiguous expression.

Taking a hit means much more than being sold. It means suffer a loss among a few other things.

Sorry if I confused you, Larry.

larrygrylls · 28/06/2016 05:32

math,

How can something inanimate 'suffer a loss'? Even if I stretch that, the only way they 'made a loss' was if you had sold them short. they rallied.

Mistigri · 28/06/2016 06:27

Larry what's your motive here? I think most of us have put our cards on the table: we're concerned about our own livelihoods, or those of our partners and/ or colleagues.

What do you gain from arguing that a 12% drop in sterling (actually got close to 14% overnight though it's come back a bit now) and a nearly 15% decline in the FTSE 250 is of no consequence to the real British economy?

Mistigri · 28/06/2016 06:28

effic Jesus Christ :-/ awful for you and your family personally, but those numbers if correct are frightening for all of us.

mathanxiety · 28/06/2016 06:43

Outside of your particular bubble, the term in general means to suffer a loss, a downturn, a blip, a setback - I am sure you know what a thesaurus is.

It strikes me that you seem to have rather a literal turn of mind.

('It strikes me' doesn't mean that I am being hit or being struck).

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