tommyt wrote:Don't be so naive.
I'm not naive tommt.
I run my own sole tradership, although for how long is anyone's guess.
Previously I reported directly to the principal of a practice similar to the size of Murray O'Laoire.
I faced people not paying their bills every day, and having to keep staff morale up while ensuring compliant work was done.
Non-paying thievery doesn't just occur in recessions - it goes on all the time, but in the boom times you just write it off to bad debts.
They are in turn shafting others, no doubt their day-to-day trade creditors and middle ranking and newer staff they presumably kept in the dark about choosing such a radical course of action.
By all accounts Murray O'Laoire, particularly Sean O'Laoire, were pretty staff focussed, as are most successful practices.
I would bet you any money, out of 120 odd staff there were still people working their bollox off -thinking their team/area was viable and feeling positive before this bombshell. Anything else is really irrelevant right now.
Advertising massive redundancies is the last thing people in management do, regardless of the reason.
Anyone in in the profession feeling warm about their position in 2009 defines the term "naive".