I'm looking for some advice from members on signs that a company is about to go under. I work in the commercial/industrial laundry field but I like to keep up with these threads, and I know there are a lot of people on here that own a company, or been out there long enough to tell what's what.
I would say since May of this year our sales have been dropping off sharply and it does not look like it is going to pick up much in the near future. Our warehouse is fairly empty, our installers don't have a lot to do, and on the service side our hours are now capped at 40 per week. However, we have enough service work to easily put in 50-55 hours per week. In fact, I put in 56 last week and was told today that I can't do that much OT anymore, but that I could work late in the beginning of the week and take off later in the week when I hit 40.
I've been there for over 3 years and have usually put in 50-60 per week until yesterday. There are no benefits at the company so without the OT I don't know if I should start looking or what. I just hate to get some short notice that they are shutting down and now I would have to go find something else all of a sudden. Thanks for any advice