Wednesday, Oct 31, 2007
Redundancies still hitting industry hard
Firstrung: Mortgages plc to cut 20% of work force
Mortgages plc has confirmed it will be making a number of staff redundant...The Merrill Lynch subsidiary, which concentrates on the sub prime/non conforming mortgage market, has today informed its staff that it has begun a 'consultation process' with a view to making a number of roles redundant...The lender did not give a specific number or specify the roles that are vulnerable, however it said that the figure could potentially run to 'approximately 20 per cent of staff in Glasgow, London and regionally.'
Posted by converted lurker @ 03:45 PM (305 views) Add Comment
3 Comments
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1. paul said...
B .. bbbut there is no subprime in the UK
... ?
2. confused76 said...
Stan O Neal having to leave calls the peak of the UK market
... No doubt!
3. David Smith's Sub Prime. . . said...
There is no Sub Prime in the UK...
Love David Smith aged 13 and a quarter....