Wage cut
Author
Discussion

00161wj

Original Poster:

566 posts

237 months

Sunday 21st December 2008
quotequote all
Just been informed of a wage and hour cut. is there anything you can do, like decline the new contract? id rather not get sacked aswel lol

AlexanderV8

1,487 posts

232 months

Sunday 21st December 2008
quotequote all
Where I worked a few years ago, we had to sign a document accepting changed terms & conditions. If we refused to sign, after a notice period it was assumed we had accepted anyway!

Don't think you can do a thing about it I'm afraid if that's what they want. They only need to give you written notification that after your notice period the conditions will change and there really isn't a thing you can do.

rich1231

17,340 posts

289 months

Sunday 21st December 2008
quotequote all
00161wj said:
Just been informed of a wage and hour cut. is there anything you can do, like decline the new contract? id rather not get sacked aswel lol
Do you watch the news at all?

smack

9,773 posts

220 months

Sunday 21st December 2008
quotequote all
00161wj said:
Just been informed of a wage and hour cut. is there anything you can do, like decline the new contract? id rather not get sacked aswel lol
You can either jump or get pushed. Or take what they are offering. Sorry.

Chris_w666

22,655 posts

228 months

Sunday 21st December 2008
quotequote all
AlexanderV8 said:
Where I worked a few years ago, we had to sign a document accepting changed terms & conditions. If we refused to sign, after a notice period it was assumed we had accepted anyway!

Don't think you can do a thing about it I'm afraid if that's what they want. They only need to give you written notification that after your notice period the conditions will change and there really isn't a thing you can do.
yes

You either agree and stay in work, disagree but stay anyway, or argue and end up unemployed.

DAVEVO9

3,469 posts

296 months

Sunday 21st December 2008
quotequote all
00161wj said:
Just been informed of a wage and hour cut. is there anything you can do, like decline the new contract? id rather not get sacked aswel lol
I have had to take one too..

I think it's better to be earning something rather than nothing.

Hope it works out for you.

smile

Ganglandboss

8,546 posts

232 months

Sunday 21st December 2008
quotequote all
They have to give you three months notice. Also a cut in wages is technically redundancy therefore if you left you would be entitled to severance.

Tunku

7,703 posts

257 months

Sunday 21st December 2008
quotequote all
00161wj said:
Just been informed of a wage and hour cut. is there anything you can do, like decline the new contract? id rather not get sacked aswel lol
Go for a better job. HTH.

Orb the Impaler

1,881 posts

219 months

Sunday 21st December 2008
quotequote all
I was contracting for a major high street bank earlier this year - blanket 10% rate cut.

Mate of mine (sales, chemical industry) has just (Friday) been hit with a 20% wage cut.

Scary stuff....

Olf

11,978 posts

247 months

Sunday 21st December 2008
quotequote all
rich1231 said:
00161wj said:
Just been informed of a wage and hour cut. is there anything you can do, like decline the new contract? id rather not get sacked aswel lol
Do you watch the news at all?
Mong.

Jasandjules

72,584 posts

258 months

Monday 22nd December 2008
quotequote all
00161wj said:
Just been informed of a wage and hour cut. is there anything you can do, like decline the new contract? id rather not get sacked aswel lol
If you refuse to sign the new contract then I suspect you will be made redundant instead. So, I guess it's the choice you have to make.

Metroarea

448 posts

227 months

Monday 22nd December 2008
quotequote all
Accept it. Unless you are absolutely critical to the project you are working on and the manager feels they can ringfence you from any rate cuts, they WILL terminate your contract if you decline. I know so many people who were given rate cuts 6 months ago and declined it in the hope of going and getting their original rate elsewhere, and who are still looking for work 6 months later. Just be thankful you have a job, bite the bullet and get on with it.

kambites

71,459 posts

250 months

Monday 22nd December 2008
quotequote all
With unemployment rising at the rate it seems to be, you're probably simply worth less to the company than you were before. Such is the nature of recessions, unfortunately.

Whether you want to take the drop or lose your job is obviously down to your own priorities, but I wouldn't want to be looking for another job with the economy in its current state, personally.

Edited by kambites on Monday 22 December 08:20

Alfahorn

7,825 posts

237 months

Monday 22nd December 2008
quotequote all
I think some people still haven't got the message. The world is in a recession, thousands have already lost their jobs, many more will follow. I the OP needs to be thankfull his employer has only given him a pay cut rather than a P45.

I speak as someone who has also seen their income reduced by 12%.

Jasandjules

72,584 posts

258 months

Monday 22nd December 2008
quotequote all
Alfahorn said:
I think some people still haven't got the message. The world is in a recession, thousands have already lost their jobs, many more will follow. I the OP needs to be thankfull his employer has only given him a pay cut rather than a P45.

I speak as someone who has also seen their income reduced by 12%.
No, it's no longer a recession.. You see, that is a bad thing whcih would never happen under a Labour Govt who are so good. Therefore, it is in fact a credit crunch, namely that people are struggling to get credit to finance those 0% deals on a new Sony Bravia or PC. Other than that there are no problems at all.................

I have been pleased to see lately a few people on TV are referring to it as a recession, it's about time.

kambites

71,459 posts

250 months

Monday 22nd December 2008
quotequote all
Jasandjules said:
Alfahorn said:
I think some people still haven't got the message. The world is in a recession, thousands have already lost their jobs, many more will follow. I the OP needs to be thankfull his employer has only given him a pay cut rather than a P45.

I speak as someone who has also seen their income reduced by 12%.
No, it's no longer a recession.. You see, that is a bad thing whcih would never happen under a Labour Govt who are so good. Therefore, it is in fact a credit crunch, namely that people are struggling to get credit to finance those 0% deals on a new Sony Bravia or PC. Other than that there are no problems at all.................

I have been pleased to see lately a few people on TV are referring to it as a recession, it's about time.
confused "Credit crunch" and "recession" mean completely different things. There was a credit crunch, it triggered the start of a recession. No-one has misrepresented anything that I can see. We entered a recession, by the normal definition (two quarters of negative growth) about a month ago didn't we?

Edited by kambites on Monday 22 December 08:31

The_Burg

4,853 posts

243 months

Monday 22nd December 2008
quotequote all
Same thing for me, phone call: Will you except 10% cut, credit crunch, global markets blah, blah, blah.
Me: Erm no thats why i need a raise.
Them : OK.

2 weeks later, big boss; Take it or f@ck off.
Me: Ok then 10% cut it is.
(All this means is now i slope off early and work less hard).

Alfahorn

7,825 posts

237 months

Monday 22nd December 2008
quotequote all
kambites said:
Jasandjules said:
Alfahorn said:
I think some people still haven't got the message. The world is in a recession, thousands have already lost their jobs, many more will follow. I the OP needs to be thankfull his employer has only given him a pay cut rather than a P45.

I speak as someone who has also seen their income reduced by 12%.
No, it's no longer a recession.. You see, that is a bad thing whcih would never happen under a Labour Govt who are so good. Therefore, it is in fact a credit crunch, namely that people are struggling to get credit to finance those 0% deals on a new Sony Bravia or PC. Other than that there are no problems at all.................

I have been pleased to see lately a few people on TV are referring to it as a recession, it's about time.
confused "Credit crunch" and "recession" mean completely different things. There was a credit crunch, it triggered the start of a recession. No-one has misrepresented anything that I can see. We entered a recession, by the normal definition (two quarters of negative growth) about a month ago didn't we?

Edited by kambites on Monday 22 December 08:31
Whooosh!

Olf

11,978 posts

247 months

Monday 22nd December 2008
quotequote all
Alfahorn said:
I think some people still haven't got the message. The world is in a recession, thousands have already lost their jobs, many more will follow. I the OP needs to be thankfull his employer has only given him a pay cut rather than a P45.

I speak as someone who has also seen their income reduced by 12%.
I think people need to be a bit more humane in their responses. He asked what he could do - he didn't pass comment and he made it clear he'd rather keep his job than argue it. Unfortunately you guys seem to want to teach him a lesson about how hard it is out there.