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Cherskiy
Joined: 08 Dec 2006
Posts: 3701
Location: near Amble, Northumberland
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 Posted: Sat Jun 30, 2007 12:11 pm Post subject: Kwik Save passing its sell by date? |
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http://news.bbc.co.uk/1/hi/business/6252150.stm
My local one has been sold and will shortly re-open as a Sainsburys.
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gfloyd
Joined: 07 Dec 2006
Posts: 4861
Location: Here, There, Everywhere.
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| Posted: Sat Jun 30, 2007 12:53 pm Post subject: |
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I dont know how the staff can work for 6 weeks without pay.
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His name was ernie ........ and he drove the fastest milk cart in the west..... |
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SantaFefan
Joined: 07 Dec 2006
Posts: 11258
Location: top of the cliffs in Norfolk
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| Posted: Sat Jun 30, 2007 1:25 pm Post subject: |
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| It'll be tough for some but maybe it's worthwhile if it saves their jobs? |
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Cherskiy
Joined: 08 Dec 2006
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Location: near Amble, Northumberland
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| Posted: Sat Jun 30, 2007 4:02 pm Post subject: |
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They're in a tough position really - work unpaid for a few weeks and your job *might* be safe - refuse and you lose your job, and possibly have to wait weeks for money anyway.
Loyal staff....
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SantaFefan
Joined: 07 Dec 2006
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Location: top of the cliffs in Norfolk
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| Posted: Sat Jun 30, 2007 4:04 pm Post subject: |
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| Unless an alternative job was immediately available, I'd stick with it. What the heck! |
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mark occomore
Joined: 07 Dec 2006
Posts: 9955
Location: UK
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| Posted: Sat Jun 30, 2007 4:05 pm Post subject: |
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| Remember the government saved MG Rover. Maybe Brown could do the same for Kwik Save? I think this is yet again miss management. I wonder if the top brass are getting paid? |
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gfloyd
Joined: 07 Dec 2006
Posts: 4861
Location: Here, There, Everywhere.
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| Posted: Sat Jun 30, 2007 4:05 pm Post subject: |
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| Cherskiy wrote: | They're in a tough position really - work unpaid for a few weeks and your job *might* be safe - refuse and you lose your job, and possibly have to wait weeks for money anyway.
Loyal staff.... |
Are their jobs really that special? I would have thought shop work is relatively easy to get.
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His name was ernie ........ and he drove the fastest milk cart in the west..... |
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Cherskiy
Joined: 08 Dec 2006
Posts: 3701
Location: near Amble, Northumberland
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| Posted: Sat Jun 30, 2007 4:08 pm Post subject: |
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Not in the overall scheme of things, no, Ernie - as you say, shop jobs are relatively commonplace. However, it's a well-known chain.
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mark occomore
Joined: 07 Dec 2006
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Location: UK
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| Posted: Sat Jun 30, 2007 4:12 pm Post subject: |
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| Apparently if they leave the shop where they work the shop would close and they wouldn't get paid. Looks like some of the staff have been held to ransom. |
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gfloyd
Joined: 07 Dec 2006
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| Posted: Sat Jun 30, 2007 4:15 pm Post subject: |
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| mark occomore wrote: | | Apparently if they leave the shop where they work the shop would close and they wouldn't get paid. Looks like some of the staff have been held to ransom. |
Exactly. But who can afford not to get paid for 6 weeks? I dont think they would get benefits either as they are still "working"
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His name was ernie ........ and he drove the fastest milk cart in the west..... |
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SantaFefan
Joined: 07 Dec 2006
Posts: 11258
Location: top of the cliffs in Norfolk
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| Posted: Sat Jun 30, 2007 4:25 pm Post subject: |
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I was in a similar situation back in 1990, the company of Architects I worked for asked if I would carry on for no pay until some oversea's debts were brought in.
I worked for six months before I finally asked to be made redundant.
I remember going along to the local Employment Office to be told I wouldn't receive anything for at least 12 weeks!
In my case, it was genuine loyalty to the firm and, I liked my boss.
In the end he lost everything he owned and ended up living in sheltered housing.
I lost out big time being owed over £14k when I walked out.  |
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Cherskiy
Joined: 08 Dec 2006
Posts: 3701
Location: near Amble, Northumberland
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| Posted: Sat Jun 30, 2007 4:25 pm Post subject: |
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No, they won't get benefits as they're unpaid. Damned either way.
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seymourwhitebits
Joined: 31 Mar 2007
Posts: 560
Location: Birmingham
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| Posted: Sun Jul 01, 2007 11:01 am Post subject: |
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| gfloyd wrote: | | Cherskiy wrote: | They're in a tough position really - work unpaid for a few weeks and your job *might* be safe - refuse and you lose your job, and possibly have to wait weeks for money anyway.
Loyal staff.... |
Are their jobs really that special? I would have thought shop work is relatively easy to get. |
Its not the job its the redundancy payments thats the problem. walk out and you lose out on 20 years redundancy money(in the case of our neighbour) or stay and work for nowt and probably still get shafted anyway. Glad its not a decision I've got to make 
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"Timpani!, Timpani!, They've all got it Timpani!"- All drummers know the pain of skin trouble. |
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iwarburton
Joined: 08 Dec 2006
Posts: 2133
Location: Northumberland
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| Posted: Mon Jul 02, 2007 12:17 pm Post subject: |
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Our local KwikSave is still open but there's hardly anything to sell and hence it isn't being used.
It must be soul-destroying for the staff.
Ian. |
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Cherskiy
Joined: 08 Dec 2006
Posts: 3701
Location: near Amble, Northumberland
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| Posted: Mon Jul 02, 2007 5:58 pm Post subject: |
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I can't remember when I was last in either of the two closest ones to me.
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Cherskiy
Joined: 08 Dec 2006
Posts: 3701
Location: near Amble, Northumberland
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| Posted: Sat Jul 07, 2007 7:00 am Post subject: |
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News bulletin at 0700 this morning mentioned 600 jobs saved, 1100 lost and many stores sold off to competitors.
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firewirefred
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| Posted: Sat Jul 07, 2007 11:08 am Post subject: |
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| SantaFefan wrote: | In my case, it was genuine loyalty to the firm and, I liked my boss.
In the end he lost everything he owned and ended up living in sheltered housing. |
This is very often the case. People often talk in derisory terms about directors of companies that go bust, accusing them of everything from being "fat cats" and asset-strippers to god-knows-what. What people (usually those who have never ever started or operated their own business, however small) don't see is the many hours that business-owners put in over an average week, either to get the business up and running or to develop it. Who pays for that?
Any business like Kwik Save that's operating in the retail grocery sector is in a real cut-throat market that's is dominated by the likes of Tesco, Sainsbury's, etc, and whilst those companies can screw suppliers for every penny they want, the smaller companies just can't do that so they will always be outdone by the bigger branded operators.
The big problem is that as these smaller groups are forced into administration or, worse, full liquidation, more power is conceded to the likes of Tesco and Sainsbury, and that isn't good for anybody at all.
But we shouldn't automatically assume that directors of failed companies are all on the fiddle, but whilst a small minority might be the vast majority are the kind to lose many sleepness nights worrying about their employees, putting everything they own up as security to greedy banks, and perhaps not drawing much from the business in order to continue to pay bills and wages.
My cousin had a medium-sized company that was forced into liquidation by Nat West Bank after a large customer who owed them hundreds of thousands of pounds went bust and he and his family lost absolutely everything. None of his employees did.
He now has a thriving business trading on eBay and he doesn't employ a single person, and he's intending to keep it that way. |
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RockitRon
Joined: 07 Dec 2006
Posts: 7646
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| Posted: Sat Jul 07, 2007 4:37 pm Post subject: |
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These two pages on BBC News are interesting:-
http://news.bbc.co.uk/1/hi/business/6279474.stm
http://news.bbc.co.uk/1/hi/business/6279520.stm
Although it says the chain was offloaded by Somerfield only 12 weeks ago, I think that's the official completion date; the new owners had been running them for more than a year.
It had been losing money for a long time, even before Somerfield bought it, and it nearly brought them down. Clearly the new owners had insufficient capital to operate and invest in it. I only went in one once - in Evesham, I think it was, where it was situated next door to... Somerfield! It was dingy, cluttered and deserted.
The list of the "saved" stores looks odd. They are in a great variety of demographic areas - some town centres, some suburbs, some residential areas. They look like sites Tesco Express/Metro would probably reject.
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