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Previously on "Another Firm Said To Be Cutting IT Contractor Pay"
I spoke to a friend of mine yesterday - formerly ABN and doing integration - he had not even heard of the pay cut. He was incredulous that they would even try it on in that area as politically very sensitive.
I work for RBS and have heard nothing of this, so that leads me to believe its a load of tulip. However if it were to happen I would accept and do 10% less work while looking for a new contract.
Are you formerly ABN or working on the integration? Those seem to be unaffected.
I work for RBS and have heard nothing of this, so that leads me to believe its a load of tulip. However if it were to happen I would accept and do 10% less work while looking for a new contract.
We are hearing unconfirmed reports that Royal Bank of Scotland is the latest firm (joining Merrill Lynch, Deutsche Bank and also, we think, Barclays Capital) to be insisting on cuts in its IT contractors' pay.
According to our sources, contractors will be officially told today (Monday June 2nd) that they can either take a 10% pay rate cut or else will be given immediate notice for their services.
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