Holy shit this is going to get bad - GoFuckYourself.com

halfpint · 11-13-2008, 02:40 PM

Unemployment over here in the UK is already soaring now its going to get even worse 10,000 Jobs to go at BT

http://latestnews.virginmedia.com/ne...usands_of_jobs

Thousands more job cuts have been announced as unemployment levels continued to soar.

Telecoms giant BT dealt the biggest blow of all, revealing that it was axing 10,000 jobs, mainly among workers and sub-contractors.

The company said it had already cut 4,000 jobs as part of an ongoing efficiency programme which will mainly affect BT's indirect labour force such as agency workers, contractors and offshore staff. A further 6,000 jobs will go between now and March.

BT chief executive Ian Livingston said 7,000 workers left the firm every year so he did not envisage any compulsory redundancies in the latest round of cuts, which will affect head office functions, support staff and customer services.

Asked how long he thought the current economic downturn would last, Mr Livingston replied: "It will get worse before it gets better."

Financial services group Friends Provident announced it was axing 280 posts. Workers' union United claimed the cuts would come at the business's Manchester office and would result in the closure of the firm's main building in the city.

Truck-maker Leyland plans to axe almost 250 jobs and have an extended shutdown at its factory over Christmas because of "severe decline" in demand.

And there was a further blow to the economy after construction equipment firm JCB announced it was to shed almost 400 jobs.

The announcement comes after thousands of JCB workers last month voted to accept a £50-a-week pay cut in a bid to ward off job cuts.

Newspaper group Trinity Mirror also confirmed that it had axed 28 local titles so far this year and "could not rule out" more staff cuts as it upped 2008 cost-cutting plans by £5million.

Barefootsies · 11-13-2008, 03:10 PM

Dayum!

They're coming after halfpint!!

gornyhuy · 11-13-2008, 03:11 PM

US numbers released this morning were super fucked up too - worst since Q4 2001

halfpint · 11-13-2008, 03:12 PM

Quote:

Originally Posted by Barefootsies

Dayum!

They're coming after halfpint!!

lol.. The only people coming after me will be the ones in white coats..My misses drove me mad 10 years ago

Violetta · 11-13-2008, 03:12 PM

yeah... it is going downhill... will keep going down for a year or two from now on!

halfpint · 11-13-2008, 03:14 PM

Quote:

Originally Posted by gornyhuy

US numbers released this morning were super fucked up too - worst since Q4 2001

I feel sorry for the guys and girls loosing jobs. It aint funny when they have mortgages and a family to keep and finding another job wont be as easy as it used to be.

andy83 · 11-13-2008, 03:15 PM

the whole world will probably only recover in 2011

JenniDahling · 11-13-2008, 04:46 PM

latest news stats, UK is losing about 1k jobs a day and in the US 516,000 people filed for unemployment benefits last week. Horrible timing with the Holidays.

AMDWarrior · 11-13-2008, 04:47 PM

That fucking Obama..

halfpint · 11-13-2008, 05:10 PM

The other thing that tends to happen with high unemployment is the crime rate goes up to

collegeboobies · 11-13-2008, 05:47 PM

lets wait and see guys

nexxus · 11-13-2008, 05:50 PM

Saw this on the news today, very grim for us...

AlienQ - BANNED FOR LIFE · 11-13-2008, 06:01 PM

SO who is getting rich off this?

And how?

spacedog · 11-13-2008, 06:03 PM

Mike Semen · 11-13-2008, 06:08 PM

Glad I sold up and got the fuck out this year. Sweet!

halfpint · 11-13-2008, 06:14 PM

Quote:

Originally Posted by Mike Semen

Glad I sold up and got the fuck out this year. Sweet!

nice where did you move to ?

halfpint · 11-13-2008, 06:33 PM

more grim news

http://latestnews.virginmedia.com/ne...top_18_million

Unemployment reached an 11-year high when another huge increase in the numbers
looking for work edged the total closer to the two million mark.

Official figures for the three months to September showed that 1.82 million people were out of work, an increase of 140,000 from the previous quarter.

It was the highest figure since the end of 1997 and confirmed the fears of unions and analysts that the politically-sensitive two million mark would soon be breached.

The number of people claiming jobseekers allowance rose by 36,500 last month to 980,900, the highest figure since the spring of 2001 and the worst monthly increase since 1992.

The so-called claimant count has now increased for nine months in a row and is 154,800 higher than a year ago.

The number of people in work fell by 99,000 to 29.4 million and vacancies were down by 40,000 to 589,000, according to the Office for National Statistics.

The grim figures do not take into account recent job loss announcements, including news of more than 5,000 cuts on Tuesday by firms including Virgin Media, Yell, Taylor Wimpey and GlaxoSmithKline.

The unemployment rate is now 5.8%, the highest since early 2000, while the number of people looking for work has jumped by 182,000 over the past year.

The number of unemployed men was 1.07 million, up 85,000 over the latest quarter, while 55,000 more women joined the ranks of the unemployed, up to 750,000. Unemployment among 18 to 24-year-olds increased by 53,000 to 579,000, the highest figure since 1995.

Long term unemployment has also increased, with the numbers out of work for longer than a year up by 20,000 to 435,000.

silkyplay · 11-13-2008, 06:39 PM

Dont know if anyone has heard but DHL is going out of business in the US. They will no long do DOMESTIC shipments after Jan09. 8000 jobs lost as of monday in one state and since jun08 they have not serviced Montana at all. So, all I can really say is this:

if you have a job better hold on tight and you better start saving every penny that you can.

halfpint · 11-13-2008, 06:41 PM

Quote:

Originally Posted by silkyplay

Dont know if anyone has heard but DHL is going out of business in the US. They will no long do DOMESTIC shipments after Jan09. 8000 jobs lost as of monday in one state and since jun08 they have not serviced Montana at all. So, all I can really say is this:

if you have a job better hold on tight and you better start saving every penny that you can.

You mean the courier company DHL If that is the company you are on about that is bad news for DHL over here in the UK to

silkyplay · 11-13-2008, 06:46 PM

Yes talking about the carrier company. Bad news for DHL but maybe good news for UPS and FEDEX.

halfpint · 11-13-2008, 06:49 PM

Quote:

Originally Posted by silkyplay

Yes talking about the carrier company. Bad news for DHL but maybe good news for UPS and FEDEX.

Wow thats just crazy DHL are pretty popular over here. Wonder if this will affect the UK DHL

GetSCORECash · 11-13-2008, 07:22 PM

Quote:

Originally Posted by silkyplay

Dont know if anyone has heard but DHL is going out of business in the US. They will no long do DOMESTIC shipments after Jan09. 8000 jobs lost as of monday in one state and since jun08 they have not serviced Montana at all. So, all I can really say is this:

if you have a job better hold on tight and you better start saving every penny that you can.

it's only US domestic delivery, they will still deliver packages sent from the EU to ur house or business in the united states.

halfpint · 11-13-2008, 10:16 PM

even more job cuts

http://latestnews.virginmedia.com/ne...0_banking_jobs

Britain is facing more jobs misery over plans by Royal Bank of Scotland to axe about 3,000 staff.

The bank, which is in line for a £20 billion taxpayer handout to help shore up its finances, is understood to be cutting the posts from its global banking and markets workforce over the coming weeks.

The bank's workforce is spread across 50 countries, with a major base in the City of London, and has been the area of the group hardest hit by the credit crunch.

A spokeswoman for RBS declined to comment in detail about the job cuts.

But she said: "We constantly review our operating model to make sure that it is appropriate to the market condition, and take action accordingly."

RBS has about 170,000 staff in total, of which about 100,000 are in the UK.

Earlier this month the group's new chief executive, Stephen Hester, signalled a round of cost cuts in the wake of the bank's rescue package from the Government. "Costs are one of the things we need to look at," he said.

Thursday saw more than 10,000 job losses announced by some of the UK's biggest companies, as evidence mounted that the economic downturn was tightening its grip on the jobs market.

BT said it was axing 10,000 posts and financial services group Friends Provident said it was shedding 280 jobs.

Agent 488 · 11-13-2008, 10:19 PM

the canadian business pages could drive one to suicide.

halfpint · 11-14-2008, 05:11 AM

Quote:

Originally Posted by budsbabes

the canadian business pages could drive one to suicide.

I bet they could

- Jesus Christ - · 11-14-2008, 05:20 AM

I hate to say it... but my country may be getting what it deserves. The rest of the world will suffer because of the global nature of the economy.

The "obama will save us" delusion is just that... a delusion. Too little, too late voters.

Mike Semen · 11-14-2008, 05:56 AM

Quote:

Originally Posted by halfpint

nice where did you move to ?

In Cyprus at the moment, but will be travelling about a bit over the next year or 2...

HorseShit · 11-14-2008, 06:28 AM

it doesn't matter to me if the economy crumbles or the world is fucked, I'll make do

11-13-2008, 02:40 PM	#1
halfpint GFY's Halfpint Industry Role: Join Date: Jun 2007 Location: UK Posts: 15,223	Holy shit this is going to get bad Unemployment over here in the UK is already soaring now its going to get even worse 10,000 Jobs to go at BT http://latestnews.virginmedia.com/ne...usands_of_jobs Thousands more job cuts have been announced as unemployment levels continued to soar. Telecoms giant BT dealt the biggest blow of all, revealing that it was axing 10,000 jobs, mainly among workers and sub-contractors. The company said it had already cut 4,000 jobs as part of an ongoing efficiency programme which will mainly affect BT's indirect labour force such as agency workers, contractors and offshore staff. A further 6,000 jobs will go between now and March. BT chief executive Ian Livingston said 7,000 workers left the firm every year so he did not envisage any compulsory redundancies in the latest round of cuts, which will affect head office functions, support staff and customer services. Asked how long he thought the current economic downturn would last, Mr Livingston replied: "It will get worse before it gets better." Financial services group Friends Provident announced it was axing 280 posts. Workers' union United claimed the cuts would come at the business's Manchester office and would result in the closure of the firm's main building in the city. Truck-maker Leyland plans to axe almost 250 jobs and have an extended shutdown at its factory over Christmas because of "severe decline" in demand. And there was a further blow to the economy after construction equipment firm JCB announced it was to shed almost 400 jobs. The announcement comes after thousands of JCB workers last month voted to accept a £50-a-week pay cut in a bid to ward off job cuts. Newspaper group Trinity Mirror also confirmed that it had axed 28 local titles so far this year and "could not rule out" more staff cuts as it upped 2008 cost-cutting plans by £5million. __________________ Get FREE website listings on Cryptocoinshops.net

11-13-2008, 03:10 PM	#2
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	Dayum! They're coming after halfpint!! __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

11-13-2008, 03:11 PM	#3
gornyhuy Chafed. Join Date: May 2002 Location: Face Down in Pussy Posts: 18,041	US numbers released this morning were super fucked up too - worst since Q4 2001 __________________ icq:159548293

11-13-2008, 03:12 PM	#5
Violetta Affiliate Join Date: Jul 2004 Posts: 28,735	yeah... it is going downhill... will keep going down for a year or two from now on! __________________ M&A Queen

11-13-2008, 03:15 PM	#7
andy83 Confirmed User Join Date: Jun 2005 Posts: 1,605	the whole world will probably only recover in 2011 __________________ Available Skimmed Traffic Available Ad Spots BUY NICHE BANNER CLICKS OR IMPRESSIONS, SELL YOUR SPOTS FOR A FLAT RATE, SELL YOUR AD SPOTS WITH PROTRAFFIC.COM

11-13-2008, 04:46 PM	#8
JenniDahling Market Penetration Specialist Join Date: Jul 2005 Location: Out of my Suitcases Posts: 5,285	latest news stats, UK is losing about 1k jobs a day and in the US 516,000 people filed for unemployment benefits last week. Horrible timing with the Holidays. __________________ cLick my kitty, you know you want to jenni {at} prkitty.com Meet me at The Island Gathering

11-13-2008, 04:47 PM	#9
AMDWarrior Confirmed User Join Date: Nov 2006 Location: Baton Rouge,Louisiana Posts: 1,489	That fucking Obama..

11-13-2008, 05:10 PM	#10
halfpint GFY's Halfpint Industry Role: Join Date: Jun 2007 Location: UK Posts: 15,223	The other thing that tends to happen with high unemployment is the crime rate goes up to __________________ Get FREE website listings on Cryptocoinshops.net

11-13-2008, 05:47 PM	#11
collegeboobies So Fucking Banned Join Date: Jul 2004 Posts: 3,644	lets wait and see guys

11-13-2008, 05:50 PM	#12
nexxus Confirmed User Join Date: Apr 2007 Posts: 134	Saw this on the news today, very grim for us... __________________ Blog post writer available for work

11-13-2008, 06:01 PM	#13
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	SO who is getting rich off this? And how? __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

11-13-2008, 06:03 PM	#14
spacedog Yes that IS me. Bitch. Industry Role: Join Date: Nov 2001 Posts: 14,149

11-13-2008, 06:08 PM	#15
Mike Semen Confirmed User Join Date: Dec 2001 Location: London Town Posts: 2,924	Glad I sold up and got the fuck out this year. Sweet! __________________ ICQ 1454 81 522 \|

11-13-2008, 06:33 PM	#17
halfpint GFY's Halfpint Industry Role: Join Date: Jun 2007 Location: UK Posts: 15,223	more grim news http://latestnews.virginmedia.com/ne...top_18_million Unemployment reached an 11-year high when another huge increase in the numbers looking for work edged the total closer to the two million mark. Official figures for the three months to September showed that 1.82 million people were out of work, an increase of 140,000 from the previous quarter. It was the highest figure since the end of 1997 and confirmed the fears of unions and analysts that the politically-sensitive two million mark would soon be breached. The number of people claiming jobseekers allowance rose by 36,500 last month to 980,900, the highest figure since the spring of 2001 and the worst monthly increase since 1992. The so-called claimant count has now increased for nine months in a row and is 154,800 higher than a year ago. The number of people in work fell by 99,000 to 29.4 million and vacancies were down by 40,000 to 589,000, according to the Office for National Statistics. The grim figures do not take into account recent job loss announcements, including news of more than 5,000 cuts on Tuesday by firms including Virgin Media, Yell, Taylor Wimpey and GlaxoSmithKline. The unemployment rate is now 5.8%, the highest since early 2000, while the number of people looking for work has jumped by 182,000 over the past year. The number of unemployed men was 1.07 million, up 85,000 over the latest quarter, while 55,000 more women joined the ranks of the unemployed, up to 750,000. Unemployment among 18 to 24-year-olds increased by 53,000 to 579,000, the highest figure since 1995. Long term unemployment has also increased, with the numbers out of work for longer than a year up by 20,000 to 435,000. __________________ Get FREE website listings on Cryptocoinshops.net

11-13-2008, 06:39 PM	#18
silkyplay Registered User Join Date: Aug 2008 Posts: 5	Dont know if anyone has heard but DHL is going out of business in the US. They will no long do DOMESTIC shipments after Jan09. 8000 jobs lost as of monday in one state and since jun08 they have not serviced Montana at all. So, all I can really say is this: if you have a job better hold on tight and you better start saving every penny that you can.

11-13-2008, 06:46 PM	#20
silkyplay Registered User Join Date: Aug 2008 Posts: 5	Yes talking about the carrier company. Bad news for DHL but maybe good news for UPS and FEDEX.

11-13-2008, 10:16 PM	#23
halfpint GFY's Halfpint Industry Role: Join Date: Jun 2007 Location: UK Posts: 15,223	even more job cuts http://latestnews.virginmedia.com/ne...0_banking_jobs Britain is facing more jobs misery over plans by Royal Bank of Scotland to axe about 3,000 staff. The bank, which is in line for a £20 billion taxpayer handout to help shore up its finances, is understood to be cutting the posts from its global banking and markets workforce over the coming weeks. The bank's workforce is spread across 50 countries, with a major base in the City of London, and has been the area of the group hardest hit by the credit crunch. A spokeswoman for RBS declined to comment in detail about the job cuts. But she said: "We constantly review our operating model to make sure that it is appropriate to the market condition, and take action accordingly." RBS has about 170,000 staff in total, of which about 100,000 are in the UK. Earlier this month the group's new chief executive, Stephen Hester, signalled a round of cost cuts in the wake of the bank's rescue package from the Government. "Costs are one of the things we need to look at," he said. Thursday saw more than 10,000 job losses announced by some of the UK's biggest companies, as evidence mounted that the economic downturn was tightening its grip on the jobs market. BT said it was axing 10,000 posts and financial services group Friends Provident said it was shedding 280 jobs. __________________ Get FREE website listings on Cryptocoinshops.net

11-13-2008, 10:19 PM	#24
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	the canadian business pages could drive one to suicide.

11-14-2008, 05:20 AM	#26
- Jesus Christ - Confirmed User Industry Role: Join Date: Mar 2003 Location: ::::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: ::::::\|\|\|\|\|\|\|\|\|\|\|\|:::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::::::::::::::: Posts: 7,197	I hate to say it... but my country may be getting what it deserves. The rest of the world will suffer because of the global nature of the economy. The "obama will save us" delusion is just that... a delusion. Too little, too late voters. __________________ Amen

11-14-2008, 06:28 AM	#28
HorseShit Too lazy to set a custom title Join Date: Dec 2004 Posts: 17,513	it doesn't matter to me if the economy crumbles or the world is fucked, I'll make do