freedomdwarf1 -> RE: A few Labor Leader, cost 18,500 their jobs (11/26/2012 7:08:29 AM)
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ORIGINAL: LookieNoNookie quote:
ORIGINAL: freedomdwarf1 It only takes ONE administrator to do that. I bet those fat cats are still being paid their fat and inflated salaries until the company is officially closed. Meanwhile, the workers are chucked out of a job, instantly, with no pay. I see no justice in that at all. It takes one Administrator to close 400 - 500 plants? Man, are you some kind of super human efficiency expert? I'd love to see how one guy could do all that. I have been in two jobs where the company has closed down. I don't know what they do over there in the US but here, usually, once the public side of things has been closed to the public (ie, closing shops etc), all the plants, transport depots and other fabrication units are instantly closed and locked up with no staff whatsoever and unless there are perishable goods, even the remaining goods/stock are locked up where they are stacked. Basically, everyone is locked out from day one, assets and bank accounts frozen and the whole process is administered by the receiver and that is usually just one person overseeing the sale of the assets. Typical case of Woolworths, Oddbins, Unwins, Threshers, Moben kitchens, Dolphins bathrooms, Carpetright et al, were all closed after a few days of a massive sell-out sales then the stores and storage units were all closed up, locked up with no staff and whatever stock was in them. They didn't have staff hanging on to clear out the stores or the warehouses or to sell off the transportation - the whole enterprise was just closed and locked overnight. If a buyer is found, the new owners sort out the mess - not staff from the old business. Virtually everything is done in meetings with the administrator and this is usually a single person not connected with the business in any way. So not even management are employed once you reach this stage. Edit for more opinion.... Given that statistics can be manipulated to reflect almost anything you like, I'm willing to bet that of that 98% being quoted, 90% of them were on low wages and/or weekly paid and have maybe, at best, 1 week's worth of 'savings' and the remaining 10% were better paid and have a little bit more. Apart from a tiny handful of fairly well-paid managers, most of the people I know in real life live from week to week and when that final pay cheque hits the bank, it's all they have to live on (so not really 'savings' as such). My friends also include a bunch of people I know in the USA - Jax and Tampa (FL) and a few more in north Carolina and some in Texas. Every single one of them doesn't actually have any 'savings' as such - not one red cent. They have all had to cancell medical insurance and other luxuries such as expensive foods. 98%???? PFFFFFTTT!!
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