Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Work

Chat with other users about all things related to working life on our Work forum.

working for a failing company

1 reply

carlajean · 29/11/2011 21:51

I work in sales in a small company that is, from what I can see, insolvent, though it's not declared itself as such and is still trading, but not paying its bills. I feel great loyalty to the company and the rest of the staff, but I'm conscious that we are not paying for things I've got for the company as part of my job, and are unlikely to do so, so I don't feel that I should carry on obtaining more material. I don't know whether to hand in my notice and work out my notice period, or stop working (and give my reasons), or should I just take the view that I'm only an employee and shouldn't be worrying about this.
I don't need the job financially, but just want to do the right thing.

OP posts:
WidowWadman · 29/11/2011 22:51

Of course you should be worrying about it - if they're stop paying suppliers because they lack liquidity, sooner or later they might stop paying employees.

But I don't think it's a decision between leaving and keeping your mouth shut, but addressing it with your manager and keeping your mouth shut.

The suppliers will have their own procedures for non paying customers - usually by putting an account on stop and not supplying until any outstanding invoices have been paid in full, and, if the customer is a really bad customer also refusing to supply them ever again.

A non paying customer can be a huge problem for small suppliers, so I can understand your reluctance in purchasing more stock in the current situation. However I'd flag it up with management first and not simply walk out, unless you really don't want to work there anymore anyway.

New posts on this thread. Refresh page
Swipe left for the next trending thread