How serious is the Ontario slowdown of 2008


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mkannuri   
Member since: Nov 06
Posts: 409
Location:

Post ID: #PID Posted on: 17-04-08 09:03:30

Fortunately my company has no signs of slowing down(one of the major telecom company)..
Infact i am seeing new IT projects being finalized.
I still see lot of contractors(IT) are exisitng and I myself signed for another 6months.
Our company is still recruiting Fulltime as it would be cheaper vs contractors as usual.

Other side, the comodities/stocks are roaring and fetching profits.

My 2 cents, if we would have saved for rainy days and adopt side income in which ever way it is, then these economy slowdowns will not impact.

Well, ofcourse you never know what happens next even when slowdown is not there :-)

Rgds


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MK


Loser   
Member since: Sep 04
Posts: 1052
Location: Nice ,USA

Post ID: #PID Posted on: 17-04-08 10:32:29

HEre in USA inspite of Recession fears and Sub Prime mortgage crisis

1) The Restaurants are full
2) Liquor stores are selling briskly
3) BArs are full on weekends
4) Wii gets sold out as soon as it is received by a store
5) Everyone is boating and Fishing
6) Rock concerts and musical events are soldout days in advance

:confused: :confused: :confused: :confused: :confused: :confused:


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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership


dimple2001   
Member since: Apr 04
Posts: 2873
Location: Western Hemisphere

Post ID: #PID Posted on: 17-04-08 13:02:03

Quote:
Originally posted by Loser

HEre in USA inspite of Recession fears and Sub Prime mortgage crisis

1) The Restaurants are full
2) Liquor stores are selling briskly
3) BArs are full on weekends
4) Wii gets sold out as soon as it is received by a store
5) Everyone is boating and Fishing
6) Rock concerts and musical events are soldout days in advance

:confused: :confused: :confused: :confused: :confused: :confused:



...and the credit card debt keeps piling up....:)


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Dimple2001


905Desi   
Member since: Feb 08
Posts: 279
Location: Greater Toronto Arena

Post ID: #PID Posted on: 17-04-08 13:17:13

my co. is talking of layoffs.
all hiring is stopped and if someone quits, they don't hire a person in-place.
we are all so working harder to do all the work.


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happily holi day!


905Desi   
Member since: Feb 08
Posts: 279
Location: Greater Toronto Arena

Post ID: #PID Posted on: 17-04-08 13:18:16

Quote:
Originally posted by ecom

Situation is same in our company as far as new hiring and increment is concerned. We were told by senior executive that there will be no increment and no increase in head counts in near future. By the way our industry is telecommunication.



and we too all have no pay incremen this year though more work is done.


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happily holi day!


ecom   
Member since: Jun 07
Posts: 115
Location:

Post ID: #PID Posted on: 17-04-08 19:16:40

Dear 905Desi(2) bombamma(1) dimple2001(1) ecom(1) G13(1) goldeneye(1) Iceberg(1)
Loser(1) mkannuri(1) Shah(1) tamilkuravan(1) ,

I have observed that only few of us mentioned industry where in we work. I request others on this thread to mention an industry where they are working; otherwise I guess we would have no idea which industry/industries are showing signs of slow down. Ultimately we read posts on "CANADIANDESI" to get more information, in general to guide readers and make an informed decision related to career and may help other readers on this portal.

This is just a humble request.

Ecom



Shah   
Member since: Jan 04
Posts: 55
Location: Toronto, ON

Post ID: #PID Posted on: 17-04-08 19:19:37

Telecommunications !


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Kind Regards
Shah




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