- Original Poster
- #1
Hi, thanks for reading my thread
Industry - Logistics with a fleet of 6 vehicles
Short Version
On Friday just gone my colleague was paid off and his replacement starts on Monday.
I handed my notice in upon hearing however have decided not to work it.
My colleague and I are the only two that know how to operate the business. With him now left the company and my last day on Wednesday i imagine the company will start losing a lot of money as the new starter has not been trained.
Will i be liable for any losses?
Am i allowed to just walk out given that i am the only one left that knows how to run it
Detailed Version
My bosses Nephew and I, over the past 3 years, have built his company up. It was losing money on a daily basis, had one 7.5T & one 18T. Most days the drivers were told not to come in as there was no work.
Fast forward to now, the company is running three artics, two 18T and the 7.5T with another artic in the pipeline. Revenue has grown from £500K to £1.3m.
The company however is losing money. It's a complicated set up as he has 4 companies that run from the same site and each share costs. I know where the loss really is - In his packing company that turned over £30k odd last month when it really needs to be in the £70k region.
My colleague and I were promised the world. Directorships, decent bonuses etc. etc. 'The world was our oyster kind of speech'. We were told if we were committed the business would essentially be ours when he retires. I was working from 05:00 to 22:00+ Mon-Fri for a solid 6 months to turn the company round. Working 3 mens jobs to reduce costs when we introduced the pallet network.
The bonuses were stopped and i was given a salary of £22,500 after all of my hard work. Reason for the low salary is because the company doesn't have enough money. He has since recruited 2 people in a managerial position totaling around £80k-£90k along with other recruits. We were obviously upset about this.
On Monday i wrote my notice letter which i was going to give in at the end of the month. On Friday just gone my colleague was paid off as 'his attitude had gone down hill over the past 6 months'. I then printed my notice off and handed it to the MD.
After a long chat he went on to say i was being foolish. That if i give it just a couple of weeks there's big things coming for me etc. I have heard it all before - He just wants me to train this new starter up. I took my notice back and said i will stay, that i acted on emotions, however i do still intend on leaving - in the coming days.
My colleague and I are the only two that know how to work the systems; from transport planning to warehouse fulfillment etc. as we introduced all of these extra services to his company. I feel like we have been utterly shafted, so i intend on leaving this coming Wednesday which will leave the company in a very sticky situation.
Am i able to do this? Will there be any repercussions for the business making losses as i have walked out without passing on any training.
I believe my colleague has rights. He could have said no to his offer, however he felt it would have been too awkward coming in to work on Monday to another guy sat in his seat...
Thanks for your advice
Industry - Logistics with a fleet of 6 vehicles
Short Version
On Friday just gone my colleague was paid off and his replacement starts on Monday.
I handed my notice in upon hearing however have decided not to work it.
My colleague and I are the only two that know how to operate the business. With him now left the company and my last day on Wednesday i imagine the company will start losing a lot of money as the new starter has not been trained.
Will i be liable for any losses?
Am i allowed to just walk out given that i am the only one left that knows how to run it
Detailed Version
My bosses Nephew and I, over the past 3 years, have built his company up. It was losing money on a daily basis, had one 7.5T & one 18T. Most days the drivers were told not to come in as there was no work.
Fast forward to now, the company is running three artics, two 18T and the 7.5T with another artic in the pipeline. Revenue has grown from £500K to £1.3m.
The company however is losing money. It's a complicated set up as he has 4 companies that run from the same site and each share costs. I know where the loss really is - In his packing company that turned over £30k odd last month when it really needs to be in the £70k region.
My colleague and I were promised the world. Directorships, decent bonuses etc. etc. 'The world was our oyster kind of speech'. We were told if we were committed the business would essentially be ours when he retires. I was working from 05:00 to 22:00+ Mon-Fri for a solid 6 months to turn the company round. Working 3 mens jobs to reduce costs when we introduced the pallet network.
The bonuses were stopped and i was given a salary of £22,500 after all of my hard work. Reason for the low salary is because the company doesn't have enough money. He has since recruited 2 people in a managerial position totaling around £80k-£90k along with other recruits. We were obviously upset about this.
On Monday i wrote my notice letter which i was going to give in at the end of the month. On Friday just gone my colleague was paid off as 'his attitude had gone down hill over the past 6 months'. I then printed my notice off and handed it to the MD.
After a long chat he went on to say i was being foolish. That if i give it just a couple of weeks there's big things coming for me etc. I have heard it all before - He just wants me to train this new starter up. I took my notice back and said i will stay, that i acted on emotions, however i do still intend on leaving - in the coming days.
My colleague and I are the only two that know how to work the systems; from transport planning to warehouse fulfillment etc. as we introduced all of these extra services to his company. I feel like we have been utterly shafted, so i intend on leaving this coming Wednesday which will leave the company in a very sticky situation.
Am i able to do this? Will there be any repercussions for the business making losses as i have walked out without passing on any training.
I believe my colleague has rights. He could have said no to his offer, however he felt it would have been too awkward coming in to work on Monday to another guy sat in his seat...
Thanks for your advice