How's your company doing?

[M&M's Mommy]

I see it on the news everyday that companies are laying off people.. make me wonder how's YOUR company doing?

I work for a pharmaceuticals company. It is doing okay. While we don't get any raise right now, we still get our bonus... Most importantly, they do not lay off anyone. We do have to watch out budget more carefully, re-prioritize things and hold off on certain projects.. Other than that, it's business as usual. We do, however, feel the affects of the economy in an indirect way.. like our vendors/contract manufacturers are laying off their people, so it takes longer for us to receive our orders, etc..

Our board of directors did make a promise that if everything is going well as it is hoped, everyone'll be getting a raise in June, which will be prorated back to Jan 1st!! Right now, it seems too good to be true, so we'll have to wait and see.

How's your company coping with the economy downfall? Do you notice any changes in the way they operate?, and if you don't mind to share, what type of company/industry are you working for?

[chocolatepuppy]

The plastic factory I work at is getting along ok. We have a few people laid off and no overtime, but thank God, are working. We were suppose to be shutdown over the holidays but worked. It's a shame so many are losing their jobs.

[Desert Arabian]

I lost my job at the end of November and am STILL hunting for a job. It is absolutely ridiculous. Everything available right now is mainly medical jobs (registered nurses, LPN's, etc) and part time minimum wage jobs. I worked for an outdoor retailer called Sportsman's Warehouse, similar to Cabela's - supplies items for campers, fisherman, hunters, etc. While I was employed with the company there was talk that our store was on the list to be shut down. They did shut down the store about 35 miles north of the one I worked at. I'm sure it won't be long until it does. Our inventory wasn't being replenished and they cut back on a lot of purchasing. I also noticed that a lot of items were being marked on clearance, more than normal. I wish August would get here a little faster so I could go back to school to better my chances of getting a secure, well-paying job.

My boyfriend is a welder and his place of employment recently laid off over half of the employees - anyone who has been there 20+ years or making over a certain amount. The company is called International Thermal Systems and they make large industrial ovens. Ovens used by beer & soda companies to place labels on cans- they make ovens for other uses also. Luckily, since he's fairly new to the company and isn't being paid quite as much as others they kept him....for now. If he looses his job we'll be in BIG trouble - he made twice what I made when I was employed. It really sucks for him because now he has to finish the jobs of those who got cut, plus his pay has been frozen and he won't be receiving the decent raise he was anticipating on getting.

I kind of wish I was a little kid again, so none of this would be on my mind and causing me extreme stress! To those who still have jobs I hope you don't loose them and please don't complain about your job either....at least you have one.

[Alysser]

Six Flags is apparently on the list of going Bankrupt this year. They most likely will close some of the less popular parks, but our park was voted "Best Park" so it will definitely not be closed. They wasted SO MUCH money on the stupid "Dark Knight" ride last year it was terrible. But we're still at the top, and my department got a raise this year for being the best entertainment dep. in all the parks Six Flags has always had money issues but the slower parks aren't gonna be able to stay afloat this year I'm afraid and many people will loose their jobs

[CountryWolf07]

My boyfriend works for Lincoln Electric. They have been laying off people for a couple weeks now. Mike is saying that they laid off people who have not accepted "early retirement", and they already laid off all in Marketing & IT, also, and if not enough people retire or something towards that, they will let go all under 3 years of experience, and it would include Mike. I am hoping it will not happen. That company would be dumb enough to let him go, he is one of their best, hard working people at that company.

[Taz_Zoee]

I work for a company that manages homeowners associations. Surprisingly we have not laid anyone off in a while. I'd like to say I feel secure in my position, but in this company NOBODY should feel safe. I always joke that I wouldn't be surprised if the owner was fired.
I am one of the accountants. We process the associations financial reports and deal with the CPA's at year ends for review and tax returns. There are three of us, one is my boss and the other is a temp. So if anyone was to go it'd be the temp.
I was wanting to get a job closer to home (of course I've been saying this for about 3 years now) but that's going to have to wait. I'll deal with the commute for now.
Bruce is in real estate and mortgages. So his work is very slow. He is basically self employed so no fear of a lay off. But no work means no money.

I was just saying that I will NOT complain about my job and I am just thankful that I have one.

[Edwina's Secretary]

I am an HR Consultant with a number of clients - small to mid-sized private companies. Medical, manufacturing, distribution. No more retail. They closed.

All are suffering. I have laid off too many people and it breaks my heart. It is part of the job but I hate doing it.

If you have a job the only question you should ask your boss is.."what else can I do to help the company?"

It is a jungle out there.

[moosmom]

How's MY company doing?? Well, Mollie is sleeping in the window, Murphy sleeping on the floor next to me, Shorty looking for the litterbox. Who knows about the others. Oh! You mean company as in work. Ooops, never mind.

[Bengalz]

We're still firing on all cylinders, thank goodness ... but with changes. As economic conditions impact areas of our business, we need to re-think how we use our people resources and I admire our senior leaders for being proactive in their thinking rather than reactive. Being a subsidiary of a fairly large and powerful, conservative-thinking Canadian organization really helps.

I am fortunate to work with a small team who manages our largest client and as such, although everyone is feeling the impact of these times, in a sense we are busier in maintaining that relationship and thinking through new strategies to protect that portfolio. I'm grateful to have this opportunity and my heart really hurts for all those whose lives today are being disrupted and disarrayed.

As challenging as things are, I hope there are good lessons learned from this situation and that we all come out in a better place.

[Twisterdog]

I own my own business, which is thriving, thank goodness. I am looking to hire a couple more groomers, but just haven't found the right ones yet.

My husband's employer, however, is doing layoffs and pay cuts left and right. So far, neither one has affected us yet, but it may come.

Scary stuff.

[krazyaboutkatz]

I work at a dental lab. Our boss hasn't laid off any one but last year we were quite slow so I was rarely able to work even 8 hours a day. I get paid by the hour so my paycheck wasn't what it should be.

Now we've really picked up and I've been able to work 8 hours most days with some overtime. This week has been extra busy since Monday is a holiday. I'm lucky to have a job and to also have enough work to do.

[mruffruff]

Five days after my original posting and things aren't looking any better.

Today I was told that hours were again being cut for several people and 2 would be laid off. I was cut by 3 hours a week ( from 24 to 21). The owner cut his own pay in half.

Doesn't sound good at all.

[catnapper]

I'm doing well at work... well, February has been a tough month for me, but the company is fairing well. Mom finds out friday if she has a job or not

Hubby's been out of work for a while now (nothign related to the economy though)

[Pinot's Mom]

Well, a week ago I had a slightly different answer to this thread, but we're still OK.

My company, last Friday, eliminated 8 jobs (we employ about 300 or so total). All these jobs (save 1) were people at the age they could retire, but they had been with our company for 30+ years, a lot of them, and it really was not a good way to go. No compensation, no nothing, just gone. It was also announced there would be an across the board 10% decrease in pay.

I work for a plastics company in Maryland; we had to take drastic measures to stay afloat for the long run and we're not through with them. I am in what is considered middle management; the 10% will not break me. It had to be done.

My husband is in environmental programs for the State; he was told he had to take 5 furlough days in the year. That won't break us, either. Personally, I would have preferred the furloughs! That's our story.