UK economic data too ambiguous to call recession end

halight

http://www.independent.co.uk/news/business/news/uk-economic-data-too-ambiguous-to-call-recession-end-1731333.html

amcluesent

"BT offers thousands of workers 'holiday of lifetime' on quarter pay

BT has proposed that employees take up to a year off, in return for taking a 75 per cent pay cut. To encourage as many workers to take up of the offer, the company will pay their reduced salary as an upfront cash payment."

Seems clear enough that BT is a basket case!

System

amcluesent wrote: »

"BT offers thousands of workers 'holiday of lifetime' on quarter pay

BT has proposed that employees take up to a year off, in return for taking a 75 per cent pay cut. To encourage as many workers to take up of the offer, the company will pay their reduced salary as an upfront cash payment."

Seems clear enough that BT is a basket case!

No chance, that's an awesome way of saving money and I wish my work place would do it, hundreds of people would take up the offer if they did.

I'd take 3 months and do a spot of travelling.

Graham_Devon

Joeskeppi wrote: »

No chance, that's an awesome way of saving money and I wish my work place would do it, hundreds of people would take up the offer if they did.

I'd take 3 months and do a spot of travelling.

Erm a 75% pay cut could mean people earning the average wage of £26000 are being offered £6500 per year.

YOU may be able to cope with that. But I doubt there are many at all who could live on £6500 a year. Doubt hundreds would be taking it up.

System

Graham_Devon wrote: »

Erm a 75% pay cut could mean people earning the average wage of £26000 are being offered £6500 per year.

YOU may be able to cope with that. But I doubt there are many at all who could live on £6500 a year. Doubt hundreds would be taking it up.

That's why I would't take a full year.

3 months off at 25% would enable me to do some of the things I missed out on going straight to work from uni. They ran a poll at work at and hundreds of people would have opted in to such a scheme (it was optional), in the end it wasn't necessary

Graham_Devon

Joeskeppi wrote: »

That's why I would't take a full year.

3 months off at 25% would enable me to do some of the things I missed out on going straight to work from uni. They ran a poll at work at and hundreds of people would have opted in to such a scheme (it was optional), in the end it wasn't necessary

Fair enough. In all honesty, I might well look at doing something like that myself. But, if I had bought a full house a couple of years ago, I certainly wouldnt have been able to!