Monday, Apr 23, 2007
Merger: great way to sack a lot of staff
FT.com: ABN agrees €67bn takeover by Barclays
I wonder what horrors of losses are being hidden with this shotgun marriage of convenience.
Something tells me that there will be a lot more than 10% job losses.
Posted by lvmreader @ 11:42 AM (133 views) Add Comment
3 Comments
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1. Sam said...
yeah, it's also a good way to hide bad deal, losses and such. -- shame. poor bankers.
2. converted lurker said...
you're right, it's a truly fantastic unmissable opportunity to brush all sorts of 5hite under the corporate shag pile. Trebles all round for the guys at the top of the food chain.
3. iguana said...
Call me cynical if you like, but do any of you recall the Barclays supremo recently announcing that the Barclays group would no longer be actively seeking to avoid taxation (something that they did with extreme vigour). Now it seems that they are going to be able to 'ship' actvities like management services between UK and Holland, these become exported services and (for reasons a bit complicated to detail) thereby massively affect their taxable status, and get around the UK Govt. attempts to limit avoidance by 'banning' schemes set up for this purpose. Yes Sam and Lurker I suspect that this is an unmissable opportunity, screw the exchequer and the workforce all in the name of corporate greed.
Rant only just getting going.