Printable Version | Subscribe | Add to Favourites
New Topic New Poll New Reply
Author: Subject: Company to boycott in the north?
DavSki153

posted on 1/3/21 at 03:44 PM Reply With Quote
Company to boycott in the north?

https://www.bbc.co.uk/news/uk-england-56213042

Just read this article from the BBC. Horrible company and the mentality behind this baffles me.

"It's never been easier or cheaper for businesses to borrow money than it is at the moment during the pandemic, but this business, Tomahawk, want it for free and they have solved their cash flow problem by giving a cash flow problem to their staff"

[Edited on 1/3/21 by DavSki153]

View User's Profile View All Posts By User U2U Member
MikeR

posted on 1/3/21 at 04:37 PM Reply With Quote
I see it as one of two things, horrible directors chancing their luck OR a desperate company trying one last throw off the dice. Either way the employees are going to suffer
View User's Profile View All Posts By User U2U Member
coyoteboy

posted on 1/3/21 at 05:15 PM Reply With Quote
Aye, I mean the net result *could* be the company folds and they're left jobless and without furlough. Not all companies can get a loan easily, and maybe it was mis-managed previously and they're all out of cards.





Report your local potholes, it actually works!

View User's Profile Visit User's Homepage View All Posts By User U2U Member
femster87

posted on 1/3/21 at 07:04 PM Reply With Quote
quote:
Originally posted by coyoteboy
Aye, I mean the net result *could* be the company folds and they're left jobless and without furlough. Not all companies can get a loan easily, and maybe it was mis-managed previously and they're all out of cards.


Good, shocking way to appeal to staff for some funding support to stay afloat. What are the loan terms, how are they going to payback?

To threaten then with the sack if they do not co-operate in my view is extortion





www.femsoncuts.co.uk

View User's Profile View All Posts By User U2U Member
Mr Whippy

posted on 1/3/21 at 08:06 PM Reply With Quote
I think a lot of companies will also be telling their staff you will continue to work from home or they're will be redundancies...

When in fact it's more like, we like this new cost saving measure of no more office leases, no more office furniture, no more heating or electricity bills... The staff will deal with all that with no compensation, but we will monitor their computer use so there's no slacking!

View User's Profile Visit User's Homepage View All Posts By User U2U Member   Mr+Whippy 's Aim
snapper

posted on 1/3/21 at 08:17 PM Reply With Quote
If the statement is true then it is akin to blackmail, if the staff were fired then it is a clear breach of employment law and would be considered unfair dismissal.
I do think it is a last roll of the dice for the company and if they are that close to folding then lending them money would be high risk for the employees money which in the event the business folded they would have no it little right to recompense.
The loan would be unsecured and as someone who has recently received a settlement from a company that went bust 7.4p in the pound was a very small amount. For me it was on a small amount of debt but others had not received their purchases and were owed 3000 of which they received 222 ouch





I eat to survive
I drink to forget
I breath to pi55 my ex wife off (and now my ex partner)

View User's Profile View All Posts By User U2U Member
russbost

posted on 3/3/21 at 09:15 AM Reply With Quote
quote:
Originally posted by snapper
If the statement is true then it is akin to blackmail, if the staff were fired then it is a clear breach of employment law and would be considered unfair dismissal.
I do think it is a last roll of the dice for the company and if they are that close to folding then lending them money would be high risk for the employees money which in the event the business folded they would have no it little right to recompense.
The loan would be unsecured and as someone who has recently received a settlement from a company that went bust 7.4p in the pound was a very small amount. For me it was on a small amount of debt but others had not received their purchases and were owed 3000 of which they received 222 ouch


If the company folds then they'll be dismissed anyway, fairly or unfairly. If they've been on furlough at 80% pay then getting back to work on 90% would surely be better than losing their jobs, so looked at that way & on the face of it sounds like a good deal BUT........

HOWEVER & it is a major however, it does seem a very peculiar thing to ask - if they are to be open & trading, therefore presumably making a profit they pay NI & pension payments in arrears on hours worked/salary earned so there shouldn't be any shortfall

The very fact that they are asking for this money seems very odd indeed, suggests there is a huge debt with back payments owing? Quite likely given the current circumstances, they may owe 10's of thousands in rent, but then surely better to ask landlords to discount the rent for the time they've not been able to trade or agree a payment plan to gradually pay off arears

Whole thing suggests something underhand going on .....





Furore Formula Car - the only two seater modern Formula Car lookalike. I no longer run Furore Products or Furore Cars Ltd, but would still highly recommend them for Acewell dashes, projector headlights, dominator headlights, indicators, mirrors etc, best prices in the UK! Take a look at http://www.furoreproducts.co.uk/ or find more parts on Ebay, user names furoreltd & furoreproducts, discounts available for LCB users.
Don't forget Stainless Steel Braided brake hoses, made to your exact requirements in any of around 16 colours. http://shop.ebay.co.uk/furoreproducts/m.html?_dmd=1&_ipg=50&_sop=12&_rdc=1

NOTE:This user is registered as a LocostBuilders trader and may offer commercial services to other users
View User's Profile E-Mail User Visit User's Homepage View All Posts By User U2U Member   russbost 's Aim

New Topic New Poll New Reply


go to top






Website design and SEO by Studio Montage

All content 2001-16 LocostBuilders. Reproduction prohibited
Opinions expressed in public posts are those of the author and do not necessarily represent
the views of other users or any member of the LocostBuilders team.
Running XMB 1.8 Partagium [ 2002 XMB Group] on Apache under CentOS Linux
Founded, built and operated by ChrisW.