Global Recession really over?

[Blacklight]

What bugs me is when companies, like my own who are doing very well, use it as an excuse to not give much of a bonus or a rise.

My company for 2008/09 on a turnover of £30million made £20million profit.

OK even if you deduct the amount of the debt the company has taken on to fund one of our projects we are still making lots of money.

I can bet the directors are taking their cut.

Any way as it stands I'm looking for a new job.

This was actually ALWAYS the case with EVERY company I ever worked for. The company would make record profits, topping itself each year. The CEO's and top brass getting BIGGER AND BIGGER bonuses and raises while at the same time, slashing our benefits and telling us that we're not getting raises anymore (and or laying people off to make the profit) by claiming "These are troubled times". This happened EVERYWHERE I EVER worked from the time I was 16 till now with several different companies. Even when the economy was good, they always claimed "We're just not making the money anymore and recession... etc..". Yet.. the CEO's and upper management are getting big bonuses and raises. Heck. In my last job, they even did a major construction project on their corporate office just to put in a "Top Brass Only" fitness center, lounge, pool hall, in ground indoor swimming pool.
I've never had an experience working for a company where ANYTHING trickled down to the lower employees. Add to that the fact that each year, they'd always expect us to do the work of more and more people as they laid off more and more and cut benefits and health insurance...
Meanwhile.. the upper guys are enjoying their indoor pool and such.

This is the corporate culture.