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MBNA \ Bank of America effective 12.5% rate cut via increased hours.

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    MBNA \ Bank of America effective 12.5% rate cut via increased hours.

    Ive flounced back here to post this one and only one post.

    Yesterday at approx 16:45pm Adecco \ Hyphen mailed all their in situ contractors to say MBNA \ Bank of America, Chester, have 're evaluated' the position and would be introducing a 40 hour week for contractors, an increase from 35 hours effective 1 March (Tuesday!).

    This works out as an effective 12.5% rate cut. A sneaky way to introduce a rate cut.

    Further, contractors, had until 12 February to indicate their acceptance including those contractors who's contracts fall to be renewed from 29 February (Monday).

    When this was queried with MBNA heads, they asked how contractors were aware of the impending hours increase as the news was still embargoed.

    Other on site contractors via TEK Systems etc are expecting to be given the good news soon.

    Thank you and goodbye.
    I couldn't give two fornicators! Yes, really!

    #2
    35 hours? Part timers. Had it good on market rate and client puts it up to nearer normal?
    'CUK forum personality of 2011 - Winner - Yes really!!!!

    Comment


      #3
      That makes it 9-5 each day (give or take your preferred start/end times)... don't see much of an issue, but can understand if you'd settled into having the shorter day.
      ⭐️ Gold Star Contractor

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        #4
        Have you mailed the contract breakers site so they can log it on there?
        'CUK forum personality of 2011 - Winner - Yes really!!!!

        Comment


          #5
          Oh Dear...
          "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
          - Voltaire/Benjamin Franklin/Anne Frank...

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            #6
            Whatever happened to old-fashioned bankers' hours....?

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              #7
              The client is specifying hours - what are you, a permie?
              http://www.cih.org/news-article/disp...housing_market

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                #8
                PWD contractors are unaffected by this.
                'CUK forum personality of 2011 - Winner - Yes really!!!!

                Comment


                  #9
                  This stinks of permie-ism.

                  Abort! Abort!

                  Polishing a turd near you!!

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                    #10
                    I was with these for a short period last year, pretty sure it didn't specify hours in the contract.

                    I didn't like the working practices anyway, felt like it might have been a bit IR35 dodgy, so I got out quick.

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