What's new
By:
USCHO Fan Forum

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

  • The USCHO Fan Forum has migrated to a new plaform, xenForo. Most of the function of the forum should work in familiar ways. Please note that you can switch between light and dark modes by clicking on the gear icon in the upper right of the main menu bar. We are hoping that this new platform will prove to be faster and more reliable. Please feel free to explore its features.

Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Status
Not open for further replies.
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

And since the PPP rollout was an epic failure there is no incentive yet to keep people on yet. Until the banks feel the need to actually start paying out the PPP loans (which require like 70% of the funds go to retaining or hiring staff) no one is going to just keep people around. This isnt getting better any time soon.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Big business layoffs will come in wave 2. Starting around end of q2
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

dxmnkd316 said:
Big business layoffs will come in wave 2. Starting around end of q2
Click to expand...

Yep. They were waiting to see if things eased up at all and they havent. They also tried to protect their stock price but there is no way to prevent the inevitable now.

Q3 is shot...Q4 likely as well.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Sounds like my work dumps thousands soon...saying it isn’t even covid related lol.
I fully assume I’m unemployed in a few weeks
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

I am so, so sorry DGF. :(

Well, I'm sorry to all on here who may be affected by this. I've been there. Went through two layoffs in the big '08 recession. My heart aches for all of us.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

My company said they can’t do unpaid leave.

I’m pretty sure it’s because they just want us off their books.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Deutsche Gopher Fan said:
Sounds like my work dumps thousands soon...saying it isn’t even covid related lol.
I fully assume I’m unemployed in a few weeks
Click to expand...
That sucks. Sorry to hear.

We just stopped virtually all training except a few pilots and well, us. We haven't been on the floor since March 24th, and will likely not be in the building again until May now outside of one recurrent day. Luckily, the training department is giving us homework to do and we are going to have a web conference to go over it on a weekly basis (first one was today). I just keep reminding myself at least I'm still getting paid. We have desks with 6 flights on them for the entire day. I was working 40-45 on a 9 hour morning shift when I started training on the floor in February.

I fully expect the axe to come down in October. Hopefully, the union is successful in convincing the company to give us recall rights even though we will be 3 weeks away from being officially covered under the contract (It will literally cost them nothing extra, and will save them money bringing us up to speed vs. a brand new class).
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

wife and I are both state employees. We're not really worried about layoffs especially for our positions (she's 10 years in, union covered, and in a constitutionally required job; I'm at-will but my position is revenue neutral for my agency), but are fully expecting furloughs the 2nd half of the year once the budget numbers come back. Which, I guess if there's a year to have furloughs, it's during a 27-paycheck year.
 
Last edited:
MinnesotaNorthStar said:
That sucks. Sorry to hear.

We just stopped virtually all training except a few pilots and well, us. We haven't been on the floor since March 24th, and will likely not be in the building again until May now outside of one recurrent day. Luckily, the training department is giving us homework to do and we are going to have a web conference to go over it on a weekly basis (first one was today). I just keep reminding myself at least I'm still getting paid. We have desks with 6 flights on them for the entire day. I was working 40-45 on a 9 hour morning shift when I started training on the floor in February.

I fully expect the axe to come down in October. Hopefully, the union is successful in convincing the company to give us recall rights even though we will be 3 weeks away from being officially covered under the contract (It will literally cost them nothing extra, and will save them money bringing us up to speed vs. a brand new class).
Click to expand...

My delta family is reducing work and pay by 25%
 
MinnesotaNorthStar said:
You don't truly work in aviation until you cash your first unemployment check...
Click to expand...
The stability of the cargo side is a real anomaly huh?

I’m not too worried. A) This country still has to ship stuff in from China despite terrible efforts and B) I have enough of a seniority cushion to absorb potential layoffs/furloughs. Plus we have a ton of people quickly approaching retirement. The one thing I worry about is my shift hours switching to something terrible again, I spent 10+ years working crappy shifts to finally get my decent spot I have now.

Though, things are likely to get real bad up here with all the COVID-19 related stuff, oil prices tanking, and tourism (especially cruise ships) dropping like a rock.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Another 6.6 million new initial jobless claims today. :eek:
 
Last edited:
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

And in Michigan, we're experiencing delays on our unemployment checks. Some people filed three weeks ago and haven't gotten anything yet.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

6.6m new unemployment claims
 
Status
Not open for further replies.
Back
Top