Wilko Collapses Into Administration

[Mister M]

2 minutes ago, Axe said:

They did thank them in the form of wages.

And the workers who worked there made the company profitable

[Axe]

3 minutes ago, Mister M said:

And the workers who worked there made the company profitable

Clearly not worked hard enough in recent years because the company became non profitable.

[Mister M]

1 minute ago, Axe said:

Clearly not worked hard enough in recent years because the company became non profitable.

Has it been established that's the reason why the company became unprofitable?

[S35_2o21]

The Business and Trade Committee have been looking in to the collapse of the company.

 

Key points of the committee meeting are being covered by the Guardian: https://www.theguardian.com/business/live/2023/nov/28/wilko-collapse-rescue-deal-mps-doug-putnam-lisa-wilkinson-gmb-business-live?filterKeyEvents=false&page=with:block-6565e45d8f08e51ddd4b27c9#block-6565e45d8f08e51ddd4b27c9. This is a live update, and the link might not work at a later date. 

 

 

[ECCOnoob]

 

I don't really understand what this tit for tat debate about employees is supposed to be.  

 

People are making it out as if somehow workers and owners are on equal level. They are not. Never have been.

 

It's not the employees who were investing their personal monies into the business, it's not the employees whose potential liabilities could have been at stake.  It's not the employees who  bought that business, invested, brought it up from a small enterprise to a national corporation.   

 

Employees are contractually obligated to serve the business in a specific job role and in return are renumerated by salaries and benefits under the control, and contractual terms that they agree to set by the business. That's the relationship.  Full stop.  

 

At the end of the day,  don't you think those employees wouldn't or didn't jump ship as soon as something brighter, better and more well paid came along.  Do you think they sat there going... "Ooh no I need to say and be loyal to Wilkos". 

 

Do you think when it all hit the fan those employees went running to the management volunteering to chuck in some of their own monies to keep the store running or pay off some supply debt.  Do you think even most of those employees regularly shopped in Wilkos outside of their work shifts or perhaps they might have sneakily popped along to their  competition with better prices and products.

 

Of course it's important to treat employees fairly and kindly. But lets not be under any sort of delusion that there is equal relationship status.  

 

When the markets are good, employees have the power, they can reap the rewards of an abundance of roles, demanding better and progressing to sell their best assets.  When the markets are bad power shifts back to the business and employees have to make do and trudge through it. The harsh fact is they become just like any other commodity and by their very nature are dispensable.

 

Its simply business.

[Jack Grey]

3 hours ago, Delbow said:

Of course you think people should be able to milk a company dry and then lay off thousands of workers, that's 100% Tory.

That's 100% business

 

Why keep pumping money into a business on the brink of collapse 

 

You need to grow up 🙄

[Delbow]

23 minutes ago, ECCOnoob said:

 

I don't really understand what this tit for tat debate about employees is supposed to be.  

 

People are making it out as if somehow workers and owners are on equal level. They are not. Never have been.

 

It's not the employees who were investing their personal monies into the business, it's not the employees whose potential liabilities could have been at stake.  It's not the employees who  bought that business, invested, brought it up from a small enterprise to a national corporation.   

 

Employees are contractually obligated to serve the business in a specific job role and in return are renumerated by salaries and benefits under the control, and contractual terms that they agree to set by the business. That's the relationship.  Full stop.  

 

At the end of the day,  don't you think those employees wouldn't or didn't jump ship as soon as something brighter, better and more well paid came along.  Do you think they sat there going... "Ooh no I need to say and be loyal to Wilkos". 

 

Do you think when it all hit the fan those employees went running to the management volunteering to chuck in some of their own monies to keep the store running or pay off some supply debt.  Do you think even most of those employees regularly shopped in Wilkos outside of their work shifts or perhaps they might have sneakily popped along to their  competition with better prices and products.

 

Of course it's important to treat employees fairly and kindly. But lets not be under any sort of delusion that there is equal relationship status.  

 

When the markets are good, employees have the power, they can reap the rewards of an abundance of roles, demanding better and progressing to sell their best assets.  When the markets are bad power shifts back to the business and employees have to make do and trudge through it. The harsh fact is they become just like any other commodity and by their very nature are dispensable.

 

Its simply business.

I'm going to start saying "It's simply _____" about things from now on.

 

"It's simply people coming to the UK in boats"

 

"It's simply migration"

 

"It's simply murder of a Tory MP by a man with a knife"

 

You lot just need to grow up and deal with these things.

[Jack Grey]

1 hour ago, Delbow said:

I'm going to start saying "It's simply _____" about things from now on.

 

"It's simply people coming to the UK in boats"

 

"It's simply migration"

 

"It's simply murder of a Tory MP by a man with a knife"

 

You lot just need to grow up and deal with these things.

That rant was surreal

 

What has that got to do with Wilko's?

[Delbow]

26 minutes ago, Jack Grey said:

That rant was surreal

 

What has that got to do with Wilko's?

It's simply posting 

[Jack Grey]

1 hour ago, Delbow said:

It's simply posting 

Keep to the long winded diatribes 

 

You seem to have the time for them 👍