Magazine article Marketing

The Pain of Redundancy

Magazine article Marketing

The Pain of Redundancy

Article excerpt

Marketers are one of the professional groups most likely to hit the bottle or over-use tranquilisers under the threat of redundancy, according to a report published by MSL Career Consultants.

"The loss of income, personal status and sense of purpose is often cataclysmic for the individual," remarks Doug Prior, author of the report entitled "A perspective on outplacement: theory and current practice".

According to Denise Larkin, director of the National Benevolent Society (NABS), out of the redundant people it sees, "Probably no more than 10%-15% over-use alcohol and drugs." More typical, she says, is the short-lived drinking binge, as sorrows are drowned and anger is vented.

Stephen Wallace was made redundant in September from his job as marketing manager for Briggs Amasco Roofing and Cladding, part of the Tarmac Group. He admits to finding some solace one night with his mates in the pub. "I didn't get drunk, but I didn't drive home either," he says.

The MSL report postulates that the period of working notice affects how well people cope with redundancy and finding a new job. It believes that three months is the best period, giving enough time to search for a job in a business-like fashion. …

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