Reply to: Bank of America

[Fred Bloggs]

How is that just utter hearsay and gossip or do you have a little more to substantiate that??

Google is your friend.

[matei]

Not meaning to hijack/derail this thread, but I heard something similar about RBS.

I was told that their contractors in the technical services sphere were all given 4-weeks notice yesterday.

Apparently the Bank wants to tidy up it's bookeeping before the end of the year. Supposedly said contractors will be brought back on board shortly afterwards, but the person with whom I spoke didn't seem to certain.

[BolshieBastard]

[QUOTE=manclarky;1418904]

I think the devil is in the details here and we don't have them.
The guys direct with the agencies left.QUOTE]

The guy I spoke to is through Computer People. He's been told his current contract which is until Dec 23rd won't be extended, but he was told that 3 months ago, so it's great news really.

CP or rather Adecco, are BoA's single preferred supplier. Ultimately, every contractor on site is through Adecco.

Personally, I never put much weight on what adecco told me when I was there.

[BolshieBastard]

I thought MBNA in Chester was supposed to be closing?

No. BoA are looking to sell the UK and Ireland portfolio. If they can get someone like Virgin to take the business on and keep it at Chester, all well and dandy. If not, then it will only close when it's sold.

[BolshieBastard]

I just mailed a couple of contractors and this original post is wrong.
The project my friend is on has just hired 2 more contractors

The post isnt wrong. I wouldnt post that contractors have been given 4 weeks notice if they hadnt. I can clarify though that it appears Technology may not be included in the current announcement.

Contractors in operational areas have been told 4 weeks.

I consider BoA to be a good source of repeat business since I have worked for them for most of the last 5 years, up to August this year. So, naturally, Im disappointed that BoA are looking to sell the UK & Ireland portfolio asap.

[northernladuk]

I thought MBNA in Chester was supposed to be closing?

How is that just utter hearsay and gossip or do you have a little more to substantiate that??

[Fred Bloggs]

I thought MBNA in Chester was supposed to be closing?

[Hot Mess]

BofA are still hiring in London (It's a global bank buddy) The OP seems to be a little confused...

[Jeebo72]

I think the devil is in the details here and we don't have them.

Barclays also culled all contractors at one point 2 years ago but many got around it by moving on to the managed service contract running at the time so got to stay. The guys direct with the agencies left.

Depends on what contract they have rather than ALL contractors I would guess.

BNP Paribas done something similar recently. Sacked "contractors", hired "consultants". Different budget you see....many of these consultants were one man bands working thro' their own ltd!

[manclarky]

[QUOTE=northernladuk;1418837]I think the devil is in the details here and we don't have them.
The guys direct with the agencies left.QUOTE]

The guy I spoke to is through Computer People. He's been told his current contract which is until Dec 23rd won't be extended, but he was told that 3 months ago, so it's great news really.

[northernladuk]

I think the devil is in the details here and we don't have them.

Barclays also culled all contractors at one point 2 years ago but many got around it by moving on to the managed service contract running at the time so got to stay. The guys direct with the agencies left.

Depends on what contract they have rather than ALL contractors I would guess.

[ChrisPackit]

I ******* hope not!!

I just started last week at BoA on a 6 monther and 2 more new starters yesterday with more to come.

Must be project specific rather than the bank as a whole.

[manclarky]

I would have thought most people there were expecting it. I will be interested in finding out how my client co gets on as they have a fair few there.

I just mailed a couple of contractors and this original post is wrong.
The project my friend is on has just hired 2 more contractors

[eek]

I would have thought most people there were expecting it. I will be interested in finding out how my client co gets on as they have a fair few there.

[BolshieBastard]

Hmmm surprised they haven't been up in arms and on here looking for options or something. Seems to have gone off quieter than I would have thought. Any idea of numbers?

Nope. I know a number were told contracts would not be renewed as they ended and have since left. Others who had promises of news contracts were told in August they wouldnt be offered. Others were told today they had 4 weeks notice.

TBH, most contractors there know BoA is looking to sell their UK & Ireland portfolio so those told today wouldnt be that surprised.