Hitting Home - Daughter's Fiancee Lost His Banking Job This Week

[heidiho]

Young man, 28, solid, hard-working (12 hours a day), loyal, dedicated and now jobless.

His job is moving elsewhere under a consolidation plan - those in his office aren't invited to the dance. There are around 40 people going to lose their jobs.

He's young and ambitious and I know he'll find something else. BUT it is like a funeral to be around him (says my daughter).

Thanks, George W. Bush. Thanks alot.

[asjr]

1. It is happening all over

and Kerry will have his job cut out for him when he becomes president. I just hope we will have patience with him because this country has been ruined under Shrub. Shrub doesn't seem to understand that he is our employee and he is going to be fired in November.

[mhr]

2. Unemployed 45 Months Here, BSEE, MBA, Commercial Pilot, Veteran

Tell him to get used to GW's America because he will probably not find a job soon.

Unless of course he retrains for burger engineering!

[stepnw1f]

3. I've been unemployed for

a very long time. I had to move home and work freelance for peanuts due to this shitty economy. In the end...families have to stick together. These mega companies are seriously on my shit list!

[FlaGranny]

4. Unfortunately, this is the kind of thing

that has been going on for about 30 years or more. Well, I guess we've always had it to some extent, but it seems it got worse about 30 years ago and is getting worse all the time. Remember local banks, local hospitals, local stores? I started banking at a local bank 25 years ago. It was bought out by another bank. A few years later, another bigger bank took over. Then some years after that another, bigger merger took place. About a year ago, it became even bigger (but at the same time smaller, locally). Your local bank manager who used to make a pretty decent salary, has been replaced by a CEO who lives 1000 miles away making up to 100 times more money than that original local bank fellow. If you think about it, it's just boils down to a plots by CEO's to become rich. These mergers always wind up by closing most of the local offices or branches, so that you don't have any more actual physical bank buildings than you did 25 years ago with the local bank. The local folks lose their jobs. The big guys rake in the dough. The same thing is happening to many industries. It is the corporatization of America.

[Ilsa]

5. I lived with banking consolidations

through the eighties through the early ninties, then with my husband's software job in banking. Now we're with a pure software firm, and worried all over again about job loss.

It's a wonder we bother to do anything like buy a house with a mortgage, etc.

BTW, tell your prospective son-in-law that could be worse: he could be 58 years old like my friend who just lost his banking job.