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Bank giant HSBC axes 1,100 jobs
Comments
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MissMoneypenny wrote: »Some of the permanent workers are being told to go (not unexpected which ones, but is probably unexpected to them), while some of the good temps are being given permanent contracts. Firms will always use situations to their advantage.
you'll find that most banks have headcount freezes going on so perm staff is out of the question for now. There won't be many temp to conversions due to this for a while.0 -
lostinrates wrote: »I know people who rail commute daily for upto1hr 50 minutes ish
I think they are mad as well, it's such a large part of your life, stuck on the train....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
For the sake of mega pay and bonuses, I will do itneverdespairgirl wrote: »I think they are mad as well, it's such a large part of your life, stuck on the train.
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But why not live closer?...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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.......... maintain my luxury lifestyle in the countryside than living in a London pigeon holeneverdespairgirl wrote: »But why not live closer?
:D 0 -
it's probably safer to say the Home Counties market - the illusion of City bank workers living in London is not correct.
as is the illusion that "City bank workers" work in London. A lot of the big players have big bases in other towns and cities throughout the UK, some probably have as many employees away from London as in there only the front office workers (i.e those with the salaries in the press) tend to be there, it's cheaper for other functions to be away from London. So whilst watching the London prices may give some indicators, the fact that it's a distorted view anyway i.e. 1% of employees taking probably 50% of salaries on higher end properties with notional/"finger in air" values anyway, the bigger indicators may be in areas with big concentrations of 'average' paid staff.
i.e. the likes of Halifax/RBOS and those who have bigger offices outside of the capital. Even some of the US banks follow the same, one prominent one in the news today has a very big base a fair distance outside of London0 -
.......... maintain my luxury lifestyle in the countryside than living in a London pigeon hole:D
you'd never be there to enjoy, it though! You'd be on the train (-:...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
at least, I can take a nap on the train and not choke in the London trafficneverdespairgirl wrote: »you'd never be there to enjoy, it though! You'd be on the train (-:
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you'll find that most banks have headcount freezes going on so perm staff is out of the question for now. There won't be many temp to conversions due to this for a while.
I know of a few in investment banks. They were asked to keep quiet about it until the perm staff had gone.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
MissMoneypenny wrote: »I know of a few in investment banks. They were asked to keep quiet about it until the perm staff had gone.
so investment banks are recruiting
that's got to be a good sign, last week people were rejoicing that "110,000 people" might lose their jobs0
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