UBS Rate Cut

[heyya99]

10% + 15 days enforced leave, taken by October.

[northernladuk]

Hearsay or is this the message that's hit your inbox?

[heyya99]

Hearsay or is this the message that's hit your inbox?

The latter.

[TanyaWWW]

gah

Unlucky.

Barclays IB handed out 5% cuts across my department effective July 1 and usually notify us in Oct/Nov of 10 days enforced leave to be taken by the end of the year

I think HSBC are up to 25 days (10 days MBL and 15 extra) as standard for contractors now

[vadhert]

Given the way banking shares are tanking, this is inevitable.

[kaiser78]

Unlucky.

Barclays IB handed out 5% cuts across my department effective July 1 and usually notify us in Oct/Nov of 10 days enforced leave to be taken by the end of the year

I think HSBC are up to 25 days (10 days MBL and 15 extra) as standard for contractors now

The cut is unlucky - yes of course.
Taking 15 days leave before end of Oct - enjoy...

[billybiro]

10% + 15 days enforced leave, taken by October.

Sue them for breach of contract.

[northernladuk]

Sue them for breach of contract.

They just give notice and change it then. No real breach. Ergos has a page up about this calling them contract breakers. Lemme get it.

http://www.egos.co.uk/contract-breakers.htm

[Montyuk]

They did it across the board the 5% cut at renewal time.

Unlucky.

Barclays IB handed out 5% cuts across my department effective July 1 and usually notify us in Oct/Nov of 10 days enforced leave to be taken by the end of the year

I think HSBC are up to 25 days (10 days MBL and 15 extra) as standard for contractors now

[Hawkeye]

HSBC last year on top of the 25 days last minute did another 10 on top in my old area. So 35 overall days off as apparently better than 10%. Heard after I left they were doing 10% cuts across that area too.

Currently am on 10 days per six months at current IB. Not a big deal for me as I like to travel especially at Xmas.