Economy Taking Its Toll: Man Fires Dad, Twice

Calvin

Calvin

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ORANGE PARK, Fla. -- The economy has been hard on many families across the country, but for one Orange Park man and his father it has been especially difficult.


Greg Holloway says tough economic times have forced him to fire his father.

Greg Holloway, owner of Orange Park Drywall, said he knows firsthand about how the bad economy has affected businesses. He has had to lay off his father, twice.

"When the market really started getting bad, I had to let him go," Holloway said.

The first time was when Holloway was a supervisor at a company for which both he and his dad worked.

Holloway later left that drywall company and formed his own. In 2007, he hired his father, 70-year-old Mitch Holloway as an adviser.

"I said, 'Dad, with the market the way it is, I'll bring you on for as long as I can but when it's time to call it quits, we're going to have to call it quits,'" Holloway said.

When the economy went south, he had to streamline and once again found himself having to give dad a pink slip.

Holloway went from running his drywall company out of an 800-square-foot warehouse to an office in his home. In his heyday, the business owner said he had 12 full-time employees. Now, he's down to four.

"I've got a lot of friends who've been in the business for a long time who right now have nothing to do," Holloway said.

The construction industry as a whole has been hurting during the recession. Just recently, Jacksonville let go several building inspectors because there weren't enough construction projects around town to justify their positions.
Holloway said fortunately his father doesn't hold a grudge.

"We both get along. We went golfing last week. We're good," he said.
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Economy Taking Its Toll: Man Fires Dad, Twice

This is sad to see this kind of news laying off your own father from work.. :(
 
His dad is more than old enough to collect Social Security. His extra work income is a luxury.
 
Yes; it is sad but you gotta do what you gotta do. Like for me for example my son's father been laid off since November which meaning no child support at all, I had to get two jobs to support my family. It's tough out there, but you got to do whatever you can--to keep it together. I'm sorry for the father, but I can understand why his son did what he did. I do hope the economy will improve and jobs are being created. ;)
 
pek1 said:
I disagree. Many older adults have to work in order to make ends meet. If that's a luxury, I'd hate to ask what is a necessity.
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I mean, I agree that he is old enough to collect social security. I dont know about luxury as I dont know the man personally.
 
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