City hedge fund cuts day rates

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max replied

26 November 2008, 20:00
Originally posted by YHB View Post

Cant post the full message as marked 'Internal' but just been sent to all contractors where I work- "effective from January 2009, we intend to reduce day rates we pay..."

No figures mentioned as says your agencies will have been notified " ....suffice to say these reductions will make a material difference to our month-on-month spend on IT....".

Glad I turned down an extension (due to IR20)

Out of interest, how much did hedgies pay for developers and some such? Same as the IBs, or more?
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AtW replied

26 November 2008, 18:26
Originally posted by Stan.goodvibes View Post

so, bit of a hedge clipping then...

napalm and lots of it
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Stan.goodvibes replied

26 November 2008, 18:21
so, bit of a hedge clipping then...
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expat replied

26 November 2008, 15:49
Originally posted by swamp View Post

I hope you increase your time on CUK accordingly.

Goofing off for being effed about: triple time.
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swamp replied

26 November 2008, 15:38
I hope you increase your time on CUK accordingly.
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YHB started a topic City hedge fund cuts day rates

26 November 2008, 15:37
City hedge fund cuts day rates

Cant post the full message as marked 'Internal' but just been sent to all contractors where I work- "effective from January 2009, we intend to reduce day rates we pay..."

No figures mentioned as says your agencies will have been notified " ....suffice to say these reductions will make a material difference to our month-on-month spend on IT....".

Glad I turned down an extension (due to IR20)

Last edited by YHB; 26 November 2008, 15:43.
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