how will the recession affect you personally ?


Both, they have a secured enough work for the current staff for the next two years. So fingers crossed my job is good for at least the next two years.

Joejoe
 
Well, I've lost my job and its a lot more difficult to find one than this time last year.

We are being made redundant because the company is relocating as a result of our employer eventually retiring(great timing, boss), so that is not directly as a result of the recession, as we have enough work to keep us going for years.

Where recession has hit me, is in finding a new job, I am finding salaries have dropped and it is an employers market, no doubt.
Am lucky in that I have found something, however, my commute will be considerably longer (cant have it all) but I am nervous in that it's all change and I hope I can settle into it.

Not a great position to be in considering I have a mortgage on my own which I just took out last year. Earlier on in the year, I changed my car to a smaller but newer car which has reduced my petrol/insurance and road tax.

Am also going to have to look at my spending habits (particularly on food) and I have started going to Lidl and Aldi for certain foods, also bringing lunch to work instead of buying every day.

On the bright side, I am getting prices to get work done to the house (this time last year people did not even turn up)
 
we have enough work to keep us going for years
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Is it an option for you to set up company to do the work of your retiring employer? There would seem to be an opportunity there.
 
He is selling the business to someone who already has people but not enough work. New location did not suit me at all and I would be the only one moving over with him, so decided not to go.

its only out there looking for a job that you see how bad things have got. One of our Secretaries was made redundant last week and despite knowing she was going for months and actively looking, she has not been able to get one interview.
 

Monkeyboy, I've been in Australia during a recession (2001/2002) and believe me, a recession is the same wherever in the world you are. The weather is not much good to you when you can't pay your rent. So don't pat yourself too hard on the back.

Never ceases to amaze me - the smug attitude of the recently-departed emigrant.
 
It's a double (or triple) edged sword for me: the landlord side fears empty units but needs work done and expects to get it at a lower price, the employee side is secure as business is booming for my employer. Turnover up 10% or more. We are doing better in this downturn than before it!
 

I too was there in 2001/2002. Heard people talk about the R word but didn't affect me at all. A dollar goes a long way in Oz. Was working in construction and was on great money, never had trouble getting work. I was based in Melbourne. Maybe it was different in other parts of the country.
 
How will the recession affect me?

More arguments with Missus Banker. I have to tell her she can't borrow big money for a new car. That we can only have one holiday this year and turning on the emersion for a bath each day is a bad idea.

I personally lived through the 80s where I once faced a 3 man panel for a counter job in McDonalds (I didn't get the job) so I have no issues with taking the notches of my belt in a position or two. But when it comes to telling others they must do it also and cut up credit cards, that is when this recession affects me.
 
mercman said:
Well there is little point in us Irish blaming ourselves and our own Government.
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We bear at least some personal responsibility for our predicament. Our government can also reasonably be held to account for many and various failures during their time in office-a complete over-reliance on the property sector is now (was always) apparent. We have not been watching the pennies either individually or as a nation and if we had, we'd at least be better placed to deal with a global downturn.
 
leesider29 said:
I think all reports should be stopped for 2 months.....nothing good nothing bad nada and see where consumer confidence goes after that! It seems in this commuication, consumer age we live in we can talk ourselves into anything!!!
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Mabye you should start a crusade to talk us into another boom?
 
I don't think it is really going to affect me hugely -(except for petrol prices, mortgage going up and the costof food going up) but I am aware it is affecting others more severely and in turn I am trying to keep my spending in check - watching the cost of groceries - not being wasteful with food - i.e putting stuff in freezer and not leaving it in the fridge to get past bb date. Not blowing money on clothes for the sake of it etc. I think even for the people that it is not affecting directly it is a chance to pull in the reins a bit and take stock of your lifestyle.
 
I think the charity shops are going to have a boom period - it's becoming quite the thing to go bargain hunting. Likewise, those sites like dublinwaste.ie are going to have more visitors - it'll all link in with green themes like re use and recycling too, hopefully as a nation we'll hit on some green and cheap ways of doing things.
 
Indeed, we could start walking the kids to school again for a start!
 

I dont quite follow your point: My alleged smugness pails to your apparent bitterness!

My point is that there is NOT a recession here at the moment, quite a way from it actually, with obvious skill shortages across the board. I had 3 interviews lined up after an hour of sending out my CV. ( seriously no exageration !! )
My GF has taken longer ( 3 weeks! ) to get her 2nd job after a 3 month contract ended but the pay is the same as at home and 9% employer pension paid on top - Not the same at home ! ( all jobs this applies to )

Im all to aware of what can happen up ahead from touching base at home and watching closely our economy for the last 4 odd years. For that reason and lessons learned, Im putting a lot more away than I ever did. ( some thing I could not be doing at home right now and not at no strings rates of 8.5%) , this fact is made easier by lower relative costs, comparable and more wages and belive it or not the weather does have a huge difference...

Eg. Day out with friends on the beach, surfing, sunning, footy and BBQ, socialising with BBQs in the park, bring your own (alcohol) restaraunts are the norm, good weather encourages so much more outdoor actiivity also - which is free !
No need for a "foriegn" holiday also. Just a 1 hr "Ryanair" style flight or a few hours drive up the coast, even does it in the winter.

So how will the recession affect me personally, it ill force me to adapt, which I have achieved.
Better to be facing the prospect of a recession here in a year or 2, than at home NOW.

Its an employees market and anyone around 20-30 with a good profession really should look into it here.
I make my points not out of any smugness but because I only came over, as a mate went over ahead and fed back the same info. If I did not hear it 1st hand I may be at home still.
 
Well, I finish my PhD in a totally irrelevant humanities area next year and I'm a bit worried. In the old jobs climate I might have been able to sidestep into something completely unrelated (My sister kept shouting business at me....) However, with fewer jobs and more competition for them this is looking less likely and my very interesting and enjoyable PhD will probably be useless to me.

On the other hand, my boyfriend recently returned to college, partly motivated by the knowledge that when the impending recession came he would be screwed as he had no qualifications. So, in a way it's a positive thing for him because it forced him to reevaluate his situation and improve his circumstances.
 
jimbob1234 said:
what will you do shammy feen. would you emigrate with your family or work in london for example and come home every few weeks
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Very possible Jim Bob.
There is plenty of work in my game on the continent at the moment, especially in Scandanavia.It doesnt make sense uprooting my young family though when my wife needs her family for support. I couldnt imagine her sitting on her own in the perpetual twilight of Arctic Norway with two snappers when she could be at home in Cork.
 
If I could exactly predict how this is going to go, then it wouldn't effect me at all!

Just the current market conditions makes life slightly difficult to me on a few points.

* With the current house prices and dull market, I have already or quickly losing my option to move closer to my aging parents. The same could also deny me from taking advantage of better economic conditions in some other part of the world.

* Prices of food, fuel etc going up, combined with the poor quality of health service (that I recently witnessed for first time), I am dreading the thought of growing old in this country.

* Third is the job security. Things should be okay as long as I am employed as I am now. If this changes, everything will go wrong with in two months! Freighting thought!
 
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