When employers are trying to cut pay and benefits, it’s common to spread doom and gloom, with the aim of making you give up hope and feel that change for the worse is inevitable.
Of course Fujitsu made record profits, is profitable now and expects to continue making profits. According to the Financial Times, our parent company has improved its forecasts and is now targeting record profits for 2011.
But even in the wider economy, things aren’t as bleak as you’d imagine:
According to the Incomes Data Services (IDS) report for the three months to May 2009:
According to the Labour Research Department (LRD) report covering the three months to June 2009:
According to the Office of National Statistics (report for the year to May 2009):
Behind the fall in RPI, the price of many essentials has been rising rapidly. The figures from the Office of National Statistics for the year to June 2009 show:
- Coal & solid fuels up 21.9%
- Fuel and light up 9.6%
- Gas up 24.0%
- Electricity up 6.8%
- Water and other charges up 4.7%
- Fares and other travel costs 5.5%
- Bus and coach fares 7.3%
- Other travel costs 4.8%
- Food up 5.3%, with many foods up more:
- tea up 10.3%
- coffee & other hot drinks 10.7%
- potatoes up 7.4%
- pork up 11.4%
- beef up 6.0%
- milk up 5.8%
- lamb up 9.7%
- sugar up 12.0%
- vegetables up 9.8%
- cereals up 6.1%
- fish up 20.0%
And if there’s any money left, the cost of a foreign holiday has gone up by 7.8%!
Why should Fujitsu get away with pushing up its profits at your expense?