Saving our jobs

[sp1214]

Everyone knows the car industry is in the state of collapse and even permanent closure with the loss of jobs that this entails.

If you was an employee of that company would you save your own job and others by purchasing a car at a discount price with special hire purchase terms agreed? To make it work everyone needs to be involved in the scheme. The alternative would be the dole!
May be applied to other industries also.

[rov1200]

If it protected my job I certainly would. To have a little less money in my pay packet is better than none at all. A motor firm with say 40,000 employees would keep that business running for at least a year and to the end of the recession. I'm surprised the scheme has not materialised before.

[sandmaster]

Yes - I would. Supporting your employer in bad times is supporting yourself.

[daffy654]

Shame that wouldn't work for bank counter staff like my fiance. He could be about to lose his job and is really stressed about it. They have already changed the working patterns and are making them do evening work and weekends to try and sell mortgages/loans over the phone to existing customers.

[Postdog]

No, I use a car to go from A to B only. As long as it goes, I am not bothered about how new it is.

I think a good solution if it was an either or situation would be to allow these people to continue working, but at a reduced rate and to make them eligible for certain benefits and concessions.

[danchip]

rov1200, a bit of wishful thinking the recession is going to last a lot longer than a year

[paraffin]

Nice thought but a pity it isn't as simple as that. And don't expect any sympathy from the Sir Fred Goodwins of this world, either! They're all right, Jack, laughing all the way to the bank, in fact!!!!!!!!!!!!!!!!!!!!

[rov1200]

It has got a lot going for it. Only home based industries would benefit so no worry about imports. No EU laws would be broken as the consumer dictates what to buy. There would be a knock on effect as external suppliers increased their order books. No unemployment benefit to pay out. Greater tax receipts for the treasury. But the main benefit is the confidence will return to the market and thats what this recession is all about.

[VHG]

I think most employees of car companies can already buy their cars at a huge discount, trouble is the company probably makes little money on it.

The real problem is that there has been an over capacity in car making for years. There are certain places in the UK (like near the M5 in Bristol) where there are thousands and thousands of unsold cars in huge car parks.

Why should WE (the taxpayer) keep companies going who make cars that nobody wants to buy.

I have a relative who owns a building firm that employs a number of people but is going to have to lay them off soon, is anybody going to bail him out. Of course not.

[123everton]

New cars are'nt cheap enough at the moment, 0% finance and no deposit should help shift em.
But yes I'd trade my car in if I thought they'd give me a good deal.

[JimmyCooper]

Best thing to do is let the industry die.

Making too many over priced products that people dont want to buy