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"It's shown that no company is too big to be dragged under, I think the collapse of Arcadia group shows this." It was in trouble already. The pandemic only hastened its demise. | |||
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"Rather sweeping generalisation.." Definitely. In some senses, nobody's job is entirely safe, but there are many different situations brought about by the pandemic. My profession / job hasn't been affected particularly, but we'll see how the next couple of years unfold. Once the scaffolding is pulled down from the economy, we'll learn the true cost of the pandemic to jobs and industry - we'll find out who the winers and losers are/were. | |||
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"Rather sweeping generalisation.. Definitely. In some senses, nobody's job is entirely safe, but there are many different situations brought about by the pandemic. My profession / job hasn't been affected particularly, but we'll see how the next couple of years unfold. Once the scaffolding is pulled down from the economy, we'll learn the true cost of the pandemic to jobs and industry - we'll find out who the winers and losers are/were." As a previous poster said, as long as there are humans alive on this planet, my area of work will always be employed in vast numbers. | |||
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"It's shown that no company is too big to be dragged under, I think the collapse of Arcadia group shows this." They were in trouble a long time ago, Phillip Green asset strips when he aquires, including peoples pensions. He should be stripped of his title and face criminal charges, and have his assets removed and sold to pay back those he swindled. | |||
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"I do wonder if some of the initial economic effects of Brexit will be conveniently blamed on Covid Or is that cynical of me? " For sure they will x | |||
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"Well, good for those who think they will never lose their job. Hopefully they won’t, ever. ![]() I never say never in anything! Famous last words and all that! X | |||
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"While this pandemic has been going on no job is secure anymore the amount of companies that have shut up shop so to speak many companies that are going into administration talk about the whole of England in a bit of a mess is an understatement. Life what we used to know will never return we just got to to get on with it and see what happens not looking very bright to be honest though" I was wondering where you were. How are you doing? We've found through bitter experience that no job has been safe for about the last 30 years. The pandemic has undoubtedly made things much worse though. I think all we can do is batten down the hatches, insist that the vulnerable physically and financially are looked after and make sure we look out for other people ourselves. | |||
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"It's shown that no company is too big to be dragged under, I think the collapse of Arcadia group shows this. It was in trouble already. The pandemic only hastened its demise." Maybe so or maybe in more stable times a buyer would have come forward. Also in other times it may have been possible for a managed decline instead of sudden collapse. Also there would have been more employment options open to Arcadia employees instead of the mass unemployment we are currently faced with. | |||
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"If we all supported our local shops and stayed away from the likes of Amazon,we may save other businessess from going under. Shop local ![]() That’s nothing more than sloganeering and wishful thinking. Not everything can be bought locally. The internet shopping genie is out of the bottle and you cannot put it back. Railing against the likes of Amazon will do nothing. Retailers that adapt, embrace and change will thrive. Retail is law of the jungle only fittest survive. Internet and shopping local offer different experiences to their customers and retailers need play to their strengths in whichever arena they are in... | |||
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"Times are shit for many and uncertain for many more, but I refuse to adopt a doom prophecy Things WILL get better despite the ride having more downs than ups at the mo" Sums up my viewpoint. | |||
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"It depends on the industry. Retail and hospitality have been hit the hardest. But other sectors are unaffected, insurance, solicitors etc" insurance has been hit and will continue to be. Several hundred thousand claims currently awaiting revue where business have claimed against the policy ( believe it or not many companies took a forced closure policy which means they are all trying to claim but as always insurance companies are trying to say it does not cover a pandemic). Currently there is a test case going through the high court or European court sorry not sure which one. If won insurance companies will be forced to claim and many have said they will already not be able to meet costs. | |||
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"Things will get much worse before they get better. The impact of Covid on most sectors hasn’t crystallised yet. " Unfortunately this is true, the impact on global demand will take some time to be felt. Here's hoping that it won't be catastrophic. | |||
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"Start an Only Fans - that seems to be a booming industry ![]() If only! I dare say I could have earned enough to buy a cup of tea by the end of the year ![]() | |||
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