Global Economic Crisis

[Steve & Sandra Senior Member Find all posts View Profile Close Steve & Sandra]

Re: Global Economic Crisis

Considering the downturn in mining you are quite lucky then.
cheers
steve

[lofty Advanced Member Find all posts View Profile Close lofty]

Re: Global Economic Crisis

Taken from an e-newsletter i receive from a finance contact.

"The Hot Dog Parable

There once was a man who lived by the side of the road and sold hot dogs. In fact, he sold very good hot dogs. He put up highway signs telling people how good his hot dogs tasted. He stood by the side of the road and called out, “Buy a hot dog, mister?”

And people bought his hot dogs. They bought so many hot dogs the man increased his meat and bun orders. He bought a bigger stove so he could meet his customers’ demands. Then he set up more hot dog stands to cope with the demand. Business was very good. And finally, he brought his son home from college to help out in the family business.

But something happened.

His son said, “Father, do you not watch television, or read the newspapers? Do you not know we are heading for recession? The European situation is unstable, America’s bung, and our domestic economy’s getting worse.”

And the father thought, “My son is smart. He’s been to college. He knows what he’s talking about.”

So the man cut down his meat and bun orders, eventually took down his highway signs, and no longer stood by the side of the road to sell his hot dogs. He sacked the staff at his other stands and closed them down.

His sales fell fast overnight. “You were right, son,” said the father. “We certainly are in a serious recession.”

Moral of the story? Get up tomorrow, think positive, BE positive, work smart, hang out with positive hard working people and avoid those who see only gloom – it rubs off, you know? And avoid newspapers – a daily collection of the worst stories from around the world. Who’d want to fill their thinking with that!?"

Have a top day

[MickL Addicted PP Member Find all posts View Profile Close MickL]

Re: Global Economic Crisis

And avoid newspapers – a daily collection of the worst stories from around the world.

Ain't that the truth... misery must sell :roll:


Mick

[Daz Senior Member Find all posts View Profile Close Daz]

Re: Global Economic Crisis

Well, my employer has been forced with a lot of job losses in last 6 months, idled a fair swag of our plant to reduce production across our WA Mines and Processing plants to match the markets, lots of restructuring with many people picking up dual roles, and today our 1st half profit report to the ASX was a $55m loss for first 6 months of the year.
This was on same day as another 27 positions made redundant at HQ, on top of another 5 last week in our Exploration lab.

If we keep achieving what we have for the next 6 months, we should be on track for a $100m loss.......

Somethings gonna change real soon, unless the $Oz drops by about 20 cents in a hurry..........

[leachy_9 Advanced Member Find all posts View Profile Close leachy_9]

Re: Global Economic Crisis

It appears the Global Economic Crisis hasn't hurt ARB too much:

"ARB Corporation (ARP)
ARB Corporation reported NPAT up 14.7% to $22.54m for the year ended 30 June 2009. Revenues from ordinary activities were $192.37m, up 10.3% from last year. Diluted EPS was 33.86 cents compared to 29.52 cents last year. Net operating cash flow was $28.20m compared to $19.04m last year. The final dividend declared was 6.5 cents, taking the full year dividend to 16.5 cents compared with 15 cents last year. ARP increased 25 cents (6.11%) to $4.34. "

[adam's prado Senior Member Find all posts View Profile Close adam's prado]

Re: Global Economic Crisis

Just reading this thread and see there are a few people who work in the mining industry just wondering if there are many jobs in the catering side of things I'm a fully qualified chef and been chefing for the past 15 years and looking for a new challenge. any info would be helpfull thanks
Adam

[Wil Senior Member Find all posts View Profile Close Wil]

Re: Global Economic Crisis

Here in Karratha all the camps are serviced (including catering) by one of three companies

ISS
Sodexo
Topic Catering

Getting in touch with any of them should open a few doors.

Cheers,

Will

[adam's prado Senior Member Find all posts View Profile Close adam's prado]

Re: Global Economic Crisis

Thanks for that will I'll start the ring around
Adam

[chester Advanced Member Find all posts View Profile Close chester]

Re: Global Economic Crisis

Well it is still going on while on the GTG 2 of the people in my department resigned and that prompted my boss to restructure and make 2 more redundant and guess what i was one of them it was a great welcome back present i should have just kept going ohh well it seems to be picking up how are things in WA at the moment i am thinking of coming over

[ntp Addicted PP Member Find all posts View Profile Close ntp]

Re: Global Economic Crisis

Well it is still going on while on the GTG 2 of the people in my department resigned and that prompted my boss to restructure and make 2 more redundant and guess what i was one of them it was a great welcome back present i should have just kept going ohh well it seems to be picking up how are things in WA at the moment i am thinking of coming over

Bad news Hope things work out okay.

[Daz Senior Member Find all posts View Profile Close Daz]

Re: Global Economic Crisis

ohh well it seems to be picking up how are things in WA at the moment i am thinking of coming over

Yep, another major project announced yesterday in WA, just a lazy $50b.........

Its a while away yet, but yes, hopefully good for some who have lost jobs recently

[Chippy Addicted PP Member Find all posts View Profile Close Chippy]

Re: Global Economic Crisis

Well it is still going on while on the GTG 2 of the people in my department resigned and that prompted my boss to restructure and make 2 more redundant and guess what i was one of them it was a great welcome back present i should have just kept going ohh well it seems to be picking up how are things in WA at the moment i am thinking of coming over

That's some pretty crap news Trent .... but I remember telling you guys to turn left at Yulara and head for WA.

Hope you find something soon ... but if you don't you know we'll make space for you and Jen over here.

Just give us a call before you head over ... so I can hide my beer fridge :lol: :lol: :lol: :lol:

Cheers
Chippy

[Wil Senior Member Find all posts View Profile Close Wil]

Re: Global Economic Crisis

there still seems to be plenty of work on offer in WA thanks to the resources companies expanding. We are in Karratha and there have been very few people that we know that are effected by the "economic crises". And anybody that was out of work, walked straight into something else.

Whilst i am happy with my current employer, i have my resume with a recruitment company and I get them forwrding jobs to me at least weekly, so from what i see of the job market in WA, its a good bet.

But if people are thinking about heading west, go straight past Perth and head North. Temperature prediction for today is low of 16, high of 30 and a light on shore breeze. PERFECT!

Will

[chester Advanced Member Find all posts View Profile Close chester]

Re: Global Economic Crisis

Thanks Chippy i have applied for a couple of jobs over there so if things progress and i come over for some interviews i will let you know. If anyone needs a good safety manager wih 10 years experience let me know.

Ps chippy i drink carlton so stock up

[Chippy Addicted PP Member Find all posts View Profile Close Chippy]

Re: Global Economic Crisis

Ps chippy i drink carlton so stock up

Aawww SHOOT ! ... and here was me thinking you drank REAL beer. :lol: :lol: :lol:

Cheers
Chippy