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Reply to: Merrill/Dresdner - Good news?

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Previously on "Merrill/Dresdner - Good news?"

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  • bobsmithldn
    replied
    Originally posted by aceboy View Post
    I have been working on a integration project for 9 months so far, the volume of work is immense, we are alreasy talking about project for Q1 / Q2 next year.....
    Exactly.

    These projects are huge, and given that permies are being let go, they need contractors.

    I'm looking to go back to a previous bank to help out!

    Yippee!!!

    Leave a comment:

  • aceboy
    replied
    I have been working on a integration project for 9 months so far, the volume of work is immense, we are alreasy talking about project for Q1 / Q2 next year.....

    Leave a comment:

  • BrilloPad
    replied
    Originally posted by bobsmithldn View Post
    For example, JPM has quite a few roles related to the BS integration.
    Any evidence of that? I hear they let a few go quietly last month.

    Leave a comment:

  • moorfield
    replied
    No, not good news for contractors - neither of these will be hiring now. Contractors coming up for renewal will be quietly not renewed and/or offered shorter renewals until they can work out what to do with all the permies. There will be integration work to do but not immediately this will happen 12-18 mths time. Doomed. Time to start acquiring some new skills, and quickly!

    Leave a comment:

  • bobsmithldn
    started a poll Merrill/Dresdner - Good news?

    Merrill/Dresdner - Good news?

    14
    Yes
    21.43%
    3
    No
    50.00%
    7
    Don't know/care.
    7.14%
    1
    Andy blah blah blah option
    21.43%
    3

    The poll is expired.

    With ML being taken over by BOA and Dresdner by Commerzbank, I think this may bode well for IB contractors involved in the integration projects that will be required - notwithstanding the fact that many have/will be made redundant.

    For example, JPM has quite a few roles related to the BS integration.

    What do you think?
    Tags: None

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