All of me... (work coming up)
I work for a large manufacturing company here in Ontario. We are again going to go through another round of restructuring. (Read: Round 6 for employee layoffs)
The major reason given for this round is that our customers are showing weak demand for the final quarter of this year (at least in Canada) and so these cuts are inevitable. The other one is that since most of our work is going to 'low-cost geographies' we need to reduce staff to save cash. They already cut all retirement benefits this month after cutting back on regular benefits about a year earlier.
I technically work for 2 different areas and both are slated for cuts. Let's see what goes down!
The major reason given for this round is that our customers are showing weak demand for the final quarter of this year (at least in Canada) and so these cuts are inevitable. The other one is that since most of our work is going to 'low-cost geographies' we need to reduce staff to save cash. They already cut all retirement benefits this month after cutting back on regular benefits about a year earlier.
I technically work for 2 different areas and both are slated for cuts. Let's see what goes down!
1 Comments:
At 18 August, 2005 10:36, kristin said…
buddy, i do believe it's time to look for a new place of employment. those guys are never gonna lay you off...
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