Posted on: 24-11-09 05:26:17
dear all
after a long time i m back here in this forum.
i was planning to move to canada in dec 08 but u guys advised not to go that time becoz of recession & harsh weather.
and then some personal situations raised ,so wont be able to go after that. now again the plannings are bubbling up . so again needs a advice from u senior guys. i am dot net professional having 4 years exp. in india. and my husband is from mechanical having 10 years exp.
what is the job market there now?
please advice.
Hey,
One word of advise, if you could please take - Do not, I repeat - Do not land at this time. Canada is still reeling in the grip of recession and the future looks pretty bleak. No, the IT sector is not unaffected as well. More than ever before, now are the most companies outsource their IT support and Customer service to India. The reason is simple. They want to be in the market but do not want to pay someone $50k/annum when Mr. Sharma across the pacific/atlantic could do it happily in Rs. 20,000 in India ($500...lol) Just today it is learnt that a major Telecom firm is laying off 900 people. In Aug, eBay laid off it's staff of 1200 people. JP Morgan Chase is closing it's Western contact centre and as a result 1300 people will join this bandwagon. So, in 3 months I have personally seen about 3500 people losing their work (among them my wife too). Just a few examples. And, Oh! By the way - there's no recovery. Real Estate professionals might think/opine otherwise.
On the other hand, Mechanical Engg. is often associated with Manufacturing which again is feeling the recessionary pressure WAY too hard. Just one of my close acquintance, who's a Mech. Engg. has been laid off recently. Imagine, he had to go visit India to see his bride to be. He's still shaken.
It's a harsh reality but even if the Immigration consultants/CIC brush a shining Canuck land, this reality is lingering over our head day in and out. Please don't go what the Govt. says, but rather judge by ground realities.
Strangely, in the midst of all this - house prices are still going north. I wonder who are those people that could afford high mortgage payments when one doesn't know where their Company's fate will be lying tomorrow. May be I am wrong - no idea.
If you're earning good elsewhere, please stick to it until the situation improves.
Everyday is scary these days. Please judge by yourself.
Hope it helps.
Rogers is laying off some of the top level people, (in the 90-120K range) not the grassroot level of 30-45k. Infact, they are hiring in the grassroot levels.
Off course, going forward, its very difficult to predict as to what will be the overall impact, if this recession continues.
As far as real estate is concerned, media/banks/real estate proff's will always give a positive spin to a negative situation, because of obvious reasons. They really cant afford not to!!
Quote:
Originally posted by febpreet
Hey,
One word of advise, if you could please take - Do not, I repeat - Do not land at this time. Canada is still reeling in the grip of recession and the future looks pretty bleak. No, the IT sector is not unaffected as well. More than ever before, now are the most companies outsource their IT support and Customer service to India. The reason is simple. They want to be in the market but do not want to pay someone $50k/annum when Mr. Sharma across the pacific/atlantic could do it happily in Rs. 20,000 in India ($500...lol) Just today it is learnt that a major Telecom firm is laying off 900 people. In Aug, eBay laid off it's staff of 1200 people. JP Morgan Chase is closing it's Western contact centre and as a result 1300 people will join this bandwagon. So, in 3 months I have personally seen about 3500 people losing their work (among them my wife too). Just a few examples. And, Oh! By the way - there's no recovery. Real Estate professionals might think/opine otherwise.
On the other hand, Mechanical Engg. is often associated with Manufacturing which again is feeling the recessionary pressure WAY too hard. Just one of my close acquintance, who's a Mech. Engg. has been laid off recently. Imagine, he had to go visit India to see his bride to be. He's still shaken.
It's a harsh reality but even if the Immigration consultants/CIC brush a shining Canuck land, this reality is lingering over our head day in and out. Please don't go what the Govt. says, but rather judge by ground realities.
Strangely, in the midst of all this - house prices are still going north. I wonder who are those people that could afford high mortgage payments when one doesn't know where their Company's fate will be lying tomorrow. May be I am wrong - no idea.
If you're earning good elsewhere, please stick to it until the situation improves.
Everyday is scary these days. Please judge by yourself.
Hope it helps.
-----------------------------------------------------------------
sumjo
Quote:
Originally posted by sumjo
Rogers is laying off some of the top level people, (in the 90-120K range) not the grassroot level of 30-45k. Infact, they are hiring in the grassroot levels.
Off course, going forward, its very difficult to predict as to what will be the overall impact, if this recession continues.
As far as real estate is concerned, media/banks/real estate proff's will always give a positive spin to a negative situation, because of obvious reasons. They really cant afford not to!!
Whatever man! Whether it's Executives or Management, the times are scary. You never know, right? Though I agree with you on your Real Estate views.
To the original poster, I can't stress much on the fact that you need to sit down, weigh the pros/cons for coming to Canada and then decide wisely. There're endless topics here that might help you with that as well - even though some of the views here are subjectives and vary from one poster to another.
Take care and all the very best.
