Is my job at risk from the credit crunch?
Vinny | September 30, 2008I just read that the American treasury has rejected a $700bn proposal from the US government to bailout the current financial crisis that is hitting our globe on a major level. This is getting scary now! What if the credit crunch gets even worse than it already is? The first thing that came into my head for some reason was my own job! Is it in danger? I work at a carpet company in London called, Allied Carpets and I know that my managers have been stressing out big time over the current economic crisis. After all, it is so expensive to move house these days so who would want to go out and buy carpet!?
Additionally, my company have not been comforted by the recent turmoil that bedroom furniture specialists,
MFI have had to deal with. They were recently saved from bankruptcy by a mangement buyout after sales were hit by the property market downturn. Mfi were boughtout by MEP in 2006 for roughly £1 as the property market was in complete turmoil. The buyout also means that their staff can rest easy as they know their jobs are safe from the credit crunch.
I wish I could say the same about my job, I am getting more and more nervous everyday about all this recessions stuff. Everyday it seems that something new and horrific has been announced! Well, I have my fingers crossed and I suppose that is all I can do.
