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More Grim News

Doctor_Gloom
Doctor_Gloom Posts: 397 Forumite
in Debate House Prices & the Economy
Sky Sources: RBS Set To Axe 2,600 Jobs


The Royal Bank of Scotland is set to announce it is cutting back 2,600 jobs, according to Sky sources.
«1

Comments

  • abaxas
    abaxas Posts: 4,141 Forumite
    Doctor_Gloom wrote: »
    Sky Sources: RBS Set To Axe 2,600 Jobs


    The Royal Bank of Scotland is set to announce it is cutting back 2,600 jobs, according to Sky sources.

    And people said there would be no public sector job cull :P
  • Emy1501
    Emy1501 Posts: 1,798 Forumite
    Not surprised. Used to work for the insurance division. It was going down hill from when the Bank decide to heavily take an active role in it.

    Ironic really as when I left everyone said I was mad due to the job security
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    i'm not sure why this is grim news - it's sad news but not grim news.

    the other option would be for the company to keep these people employed, continue to make a loss and need more people to be made unemployed in the future. that would be grim news.
  • Doctor_Gloom
    Doctor_Gloom Posts: 397 Forumite
    It's certainly grim news for 2,600 families. And exposes the lie of the much vaunted recovery.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Doctor_Gloom wrote: »
    It's certainly grim news for 2,600 families. And exposes the lie of the much vaunted recovery.
    what a beautiful and nice use of the english language Doctor
    vaunt   
    1.to speak vaingloriously of; boast of: to vaunt one's achievements.
    2.to speak boastfully; brag.
    3.a boastful action or utterance.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Doctor_Gloom wrote: »
    And exposes the lie of the much vaunted recovery.

    Because nobody was ever made redundant before 2007.

    No companies ever closed or went out of business.

    Corporate restructuring never happened.

    Efficiency savings and outsourcing are an entirely new concept.

    Yes indeed, every time some doomer (sorry, Gloomer), posts one of the increasingly scarce news items about a few hundred or a few thousand job losses, it "exposes the lie of the much vaunted recovery".

    And there I was thinking it was just more desperate doom-mongering......rolleyes.gif
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • nembot
    nembot Posts: 1,234 Forumite
    I think 2600 job losses in the banking sector is far better than the same number in say the car industry - which would have a greater knock on effect.

    Still a shame nonetheless, hope they find other jobs.
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    Doctor_Gloom wrote: »
    It's certainly grim news for 2,600 families.

    I doubt they all have families to support, and I'd assume a fair portion will go and get another job. Job cut doesnt = lifelong unemployment.
  • shane42
    shane42 Posts: 293 Forumite
    nembot wrote: »
    I think 2600 job losses in the banking sector is far better than the same number in say the car industry - which would have a greater knock on effect.

    Still a shame nonetheless, hope they find other jobs.

    i aggree , i was speaking to a solicitor today who nearly made me cry , do you know how poor they have become recently :)
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    shane42 wrote: »
    i aggree , i was speaking to a solicitor today who nearly made me cry , do you know how poor they have become recently :)

    Is it the same ones who kept the tax money in their own bank account from our trust fund for 7 years?
    Not Again
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