Williams & Glyn scrapped

[GB9]

I am going on holiday next week.... expect me to hit 50k posts before it's over

I'll log back in then. Have a good one.

[Bluenose]

Maybe if they didn't use as many offshore suppliers and paid decent contract rates they would get people capable of delivering. Possibly the worst rates I have seen.

The problem specifically with project failbow was (is?) not the people employed by the bank to do the job or the rates (they were actually not bad). No, the problem was RBS itself and its incompetent management who, rather than wanting to create a new bank with new tech and processes wanted to create a smaller, carbon copy of RBS Retail.

I don't need to explain why this is a problem.

By contrast TSB (as I understand it) went for a clean sheet of paper.

Moving on, its fairly clear to me that what we are going to end up with at RBS is 20,000 indian staff looking after all the mobile and internet banking and a small clique of management in London and Edinburgh with very little in between. The question is, how long will the transition take.

[darmstadt]

Wow, That will put thousands of contractors on the bench !!!

But it's good news for contractors: UK labour market enters 'freefall' after Brexit vote, REC says | Reuters

The survey suggested businesses were focusing more on hiring short-term staff because of the uncertainty.

[shaunbhoy]

But it's good news for contractors: UK labour market enters 'freefall' after Brexit vote, REC says | Reuters

Green said it was important not jump to conclusions from a single month's data.

"The truth is we don't know what long-term consequences the referendum result will have on UK jobs," Green said, pointing out that political stability and Bank of England action might bolster confidence in the labour market.

[eek]

The problem specifically with project failbow was (is?) not the people employed by the bank to do the job or the rates (they were actually not bad). No, the problem was RBS itself and its incompetent management who, rather than wanting to create a new bank with new tech and processes wanted to create a smaller, carbon copy of RBS Retail.

I don't need to explain why this is a problem.

By contrast TSB (as I understand it) went for a clean sheet of paper.

Moving on, its fairly clear to me that what we are going to end up with at RBS is 20,000 indian staff looking after all the mobile and internet banking and a small clique of management in London and Edinburgh with very little in between. The question is, how long will the transition take.

It's a shame that they actually tried to do anything. TCS has a working bank management package already available. They really should have just bought that, cut out the middleman and made a fortune as delivery deadlines were missed

[cmscotland]

It does seem the TSB approach of staying put on LBG IT made life easier initially for TSB but their new owner Banco Sabadell is now migrating them across to their own system, while I don't expect that to be as arduous or difficult as the W&G split seems to have been its not likely to be completely straightforward. It seems par for the course though for all of the recent bank migrations, never as easy as it seems on paper!

Heard from a few former colleagues who are still in W&G, seems most of them are getting given their notice next week, lot of extra people back on the market and certainly in Edinburgh there doesn't seem to be a huge amount going just now for them to go to.

[blackeye]

1800 new contractors crowding the market.. 6000 inc perms are likely to be let go, as they were on a separate payroll.

[CretinWatcher]

Contractors wages fall = more competitive UK.
It's all good news.

[Scruff]

I'm waiting for The Sword of Damocles to come down upon my Banking neck, soon. Big Blue shedding Arch. soon I fear?

[DimPrawn]

Contractors wages fall = more competitive UK.
It's all good news.

Lots of reposessed houses for you to snap up at bargain prices.