Connaught, one of the UK's largest construction companies began to implement recommendations of a commercial review of staffing needs within its business at the weekend. In another day of job chaos, hundreds have been left pondering a dismal future. In this Connaught job loss review - what should you do next if your job no longer exists?
After announcing that 2,500 jobs had been saved earlier in the day, there was little hint of the chaos that would quickly follow. Having signed a £28million deal, Connaught sold off a large chunk of its maintenance contracts to construction giant Morgan Sindall.
Several hours later, KPMG administrators confirmed that there had been 700 redundancies within the housing division. What it didn't say was that these hapless workers had been sacked by a single telephone call, and that the jobs of 1,200 of the remaining staff were still far from safe.
In an effort to keep the ball in play in the economical downturn, it appears that Connaught went into administration after bidding so aggressively on housing association and local authority contracts that it did not leave itself any margin to make profits.
Having already weathered the tougher working conditions, electricians, plumbers, tradesmen and back office staff were unfortunately the first in the firing line. 1,200 staff anxiously wait to hear their fate as KPMG sort the remainder of the 180 maintenance contracts.
So, if your job at Connaught no longer exists, what should you do next?
1) Whilst you are coming to terms with your situation, go now to the website Moneymadeclear. This website was created by the Financial Services Authority and you will find impartial advice, tips, information and online step-by-step guides to help you overcome financial difficulties whilst you weather the storm.
The site includes a Redundancy Handbook, which is a very helpful free tool to help guide you through all sorts of issues including redundancy rights, managing your time and entitlements etc. It would be a good idea to take your time and review this material thoroughly as it will help keep you aware of important issues.
2) Consider different options. If there are no jobs on the horizon where you live, are there other things you can do, like volunteer work or improving your qualifications? Check out direct.gov.uk to see the adult learning section. There may be courses that you can start right now.
3) Consider an internet business. The internet is a booming, multi-million pound industry which is set to increase further over the next decade as more and more users come on board. To not recognise the significance of this worldwide marketplace and the importance it has in the business world may keep you financially lagging behind unnecessarily.
To get an idea of what is available now, make yourself a coffee, draw up a chair and click on the following link. http://www.earnyourwealth.co.uk An internet centre for mentoring to success has been set up with you in mind. If you think the internet could provide for your future, you don't have to go it alone. As you can see in this Connaught job loss review, if your job no longer exists, here's something to do next.
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