Just heard the large British invest bank I'm based at is subjecting all contract renewals to a 5% rate cut, given the market conditions... any reports of this going on in other financial companies?
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Where I am is fine - so far... -
I have heard of similar, and is the norm during downturns. 5% doesnt seem too bad, all things considered. Whats that, 30 quid a day? Just take a longer dump to get your own back.The Mods stole my post count!Comment
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Mine was renewed (at the same rate) literally last week, so this is very recent development, but hopefully it’s an isolated incident and cuts won’t be city wide.Comment
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Apparently DB have cut contract rates by 10% - not even waiting for renewal - just take it or leave it. Alledgedly."Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
Thomas JeffersonComment
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Who's the bank? Feel free to PM me.Originally posted by Alexander Coe View Post...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
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These are the sort of rumours that are best left unspread....Originally posted by Ruprect View Post...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
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No surprise - contract rates will be suppressed for a while now. 2001/02 was similar.Comment
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