They're at it again...

[billybiro]

HSBC cuts IT contractor pay rates

[northernladuk]

The rate cut I can understand contractors being unhappy about (although there is a comment about rates rising) but two weeks at Xmas? When it's highly likely there is a change freeze on? That can't have been a surprise can it?

Edit.. Ah.. Is this on top of the enforced days from the June cut or are they re-iterating it?

From the contract breakers site re June cut

8 days enforced unpaid leave,*additional to the 25 already present in the contract (on an annual basis)

5 days to be taken over Christmas period, 3 to be taken at any time before end 2015

[Dallas]

It's just IT cost centres, they were told weeks ago and there are exceptions, as always.

Apparently they overspent in a few areas and now they want to cull before year end.

Nothing new here, the banks take it in turns now.

[LucidDementia]

One of the reasons I avoid FS.

When will folk learn if there's anyone you can't trust it's bankers?

[vadhert]

One of the reasons I avoid FS.

When will folk learn if there's anyone you can't trust it's bankers?

Agreed. I'm finding other sectors more fruitful at the moment.

[LondonManc]

One of the reasons I avoid FS.

When will folk learn if there's anyone you can't trust it's bankers?

Terrible lot. Fancy having to take Christmas off and an extra £150 a day in your ltd account.

[LucidDementia]

Terrible lot. Fancy having to take Christmas off and an extra £150 a day in your ltd account.

Well I take Christmas anyway and they wouldn't increase my rate by anywhere near £150.

Each to their own of course but while I have a choice to take I choose not to help the banks. I'd sooner work for the Mafia.

[LondonManc]

Well I take Christmas anyway and they wouldn't increase my rate by anywhere near £150.

Each to their own of course but while I have a choice to take I choose not to help the banks. I'd sooner work for the Mafia.

I meant that IB rates have typically been £150 a day higher than outside of IB.

[LucidDementia]

I meant that IB rates have typically been £150 a day higher than outside of IB.

Depending on your field, naturally.

[Dallas]

Well I take Christmas anyway and they wouldn't increase my rate by anywhere near £150.

Each to their own of course but while I have a choice to take I choose not to help the banks. I'd sooner work for the Mafia.

Hsbc is the mafia ... Oops