Administration, redundancy, what to do next?
Discussion
8 Months after accepting my role and joining the world of work proper after my PhD, the company I work for has gone down the tubes. If you're in the Midlands area, you may have seen or heard about this in the local news. Decent size company, about 230 people.
We knew things weren't quite right before Christmas when we couldn't really make much progress on the basis that we couldn't buy any kit or hardware. After Christmas it was announced that 20 people must be let go in order to continue. That quickly descended into an insolvency management company paying the companies wages for January and mere days after that the Auditors called a meeting to basically say its all gone down the swanny. 180 people sent home there and then, the remainder kept on to help the administrators sell whats left to settle debts.
What else happens during administration? how long does it typically take? is the usual outcome that the company has its assets stripped and everyone goes home to find new work? We're currently being paid by the administrators, but obviously those guys wont have the appetite for much beyond the short term. By all accounts it sounds like the ship is circling the drain.
Also leaves me with what to do next. Its been quite interesting work, but... meh... not sure I'd want to carry on similar work elsewhere or even the same work if someone buys the whole shooting match!
I have my PhD viva sometime in the near future as well. Quite nervous about that now that I know who my internal and external examiners are. I am thinking of going back to the university for a short term RA position writing papers in order to have some kind of stability over the this period. Then once that is out of the way and I am officially a Dr. I can re-emerge. I would hope that a 3-6 month stint doing that shouldn't look too bad on the CV, but the intention is not to stay or progress in Academia.
Its purely an quick, easy employment option that gives me the space to complete my viva and think about what I actually want to do next. Is this a sensible route to take?
We knew things weren't quite right before Christmas when we couldn't really make much progress on the basis that we couldn't buy any kit or hardware. After Christmas it was announced that 20 people must be let go in order to continue. That quickly descended into an insolvency management company paying the companies wages for January and mere days after that the Auditors called a meeting to basically say its all gone down the swanny. 180 people sent home there and then, the remainder kept on to help the administrators sell whats left to settle debts.
What else happens during administration? how long does it typically take? is the usual outcome that the company has its assets stripped and everyone goes home to find new work? We're currently being paid by the administrators, but obviously those guys wont have the appetite for much beyond the short term. By all accounts it sounds like the ship is circling the drain.
Also leaves me with what to do next. Its been quite interesting work, but... meh... not sure I'd want to carry on similar work elsewhere or even the same work if someone buys the whole shooting match!
I have my PhD viva sometime in the near future as well. Quite nervous about that now that I know who my internal and external examiners are. I am thinking of going back to the university for a short term RA position writing papers in order to have some kind of stability over the this period. Then once that is out of the way and I am officially a Dr. I can re-emerge. I would hope that a 3-6 month stint doing that shouldn't look too bad on the CV, but the intention is not to stay or progress in Academia.
Its purely an quick, easy employment option that gives me the space to complete my viva and think about what I actually want to do next. Is this a sensible route to take?
You pay a professional to do it.
Let's face it - You wouldn't make your own business cards, or make your own corporate website - you get professionals to do it.
You spend a couple of hours on the phone with them - and they will present you after some time - a very nice CV.
Also - what you think needs to be on a CV - is very different to what is required by the market these days.
Let's face it - You wouldn't make your own business cards, or make your own corporate website - you get professionals to do it.
You spend a couple of hours on the phone with them - and they will present you after some time - a very nice CV.
Also - what you think needs to be on a CV - is very different to what is required by the market these days.
Seems like a reasonable path.
I was made redundant under similar circumstances 2 years ago 1500 people out of work and lot's didn't even get paid for the month they were in. I got two weeks extension and paid but no redundancy pay. Had to claim that from the gov.
Get any expenses or outstanding bills in asap.
I was made redundant under similar circumstances 2 years ago 1500 people out of work and lot's didn't even get paid for the month they were in. I got two weeks extension and paid but no redundancy pay. Had to claim that from the gov.
Get any expenses or outstanding bills in asap.
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