Job insecurity!

Nothing can be more annoying than not knowing your job status. This is usually experienced when working in projects that do not have definite end dates. In other words you will be employed as far as the project is still on and once the project is over or suspended you are out.
I have been in such a job for the last five years. Working with a big American company with projects worldwide. The first project I was in finished in October 2005 and luckily at the same time there was another project with the same company in the same country so ii got transferred to this project and my job was not affected doing the same stuff and earning the same money. The company is contracted by the U.S government and it is usually renewable every three months. We got used to the fact that the contract is almost automatically renewed so no worries. To everyone’s shock after three years the contract was not renewed and was awarded to a competitor company.
We all started to scramble and panic thinking now what? Are we out of jobs? Should we start job hunting or chill out? Luckily enough the manager of the new contract in the competitor company worked with most of us in the past and he was very much willing to hire all of us. Splendid! We could not ask for more specially that he is willing to pay us the same salaries if not better. Ye ha.. way to go.
As we started to wind up and prepare to make a move we get the news that our current employer won a new contract starting in three months and this is a promising project with a lot of funds so we have good prospects. This is great news but very much confusing. What’s gonna happen now? Will we retain our jobs? Or shall we be released and rehired after three months? Should we be patient or move to the new company?
The current employer is dragging their feet in telling us officially what’s going to happen to us end of month and at the same time the new company is willing to hire NOW but their contract is only for three months nothing is confirmed after December 2007.

Keep in mind that these two companies compete just like Pepsi Cola and Coca Cola do, so you can imagine the game they are playing and poor us lost in the middle. Believe me you do not wann be the grass where two elephants are fighting.
Believe me this is a total mess! Talk about confusion and uncertainty!

We continue to scratch our heads. What do you think? This is a dilemma