Friday, Jul 03, 2009
BT calls time out on staff
Telegraph: BT offers thousands of workers 'holiday of lifetime' on quarter pay
A senior manager in BT said the scheme is designed so that staff can go off on the "long holiday they've always wanted without having to quit their jobs", which is probably quite nice if you don't have a large mortgage to pay and a family to support so I guess there may well not be many takers. Green shoots anyone!
Posted by enuii @ 11:43 PM (1059 views) Add Comment
17 Comments
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1. devo said...
Off-topic(ish), but anyway...
To keep me as a customer, O2 this week offered a 12 month contract with a quadrillion (approx.) texts and minutes, completely free of charge!
Seems pretty desperate to me.
2. yorkshireman said...
Are we returning to the 1900's ? Next move may be giving the workers a sound thrashing. They respect you for it don't you know.
3. japanese uncle said...
Another milestone towards the long-predicted decade-long deflation. Rowes honey has been reduced last week from ￡2.5 to ￡2.30. I can predict the price could go much further downward as disposable income is shrinking faster and faster quite like this. Corporate profits will naturally be dwindling as well, in which exorbitant undeserved salary+bonus for the executives will quickly be a thing of the past. The the greater and more pompous the red giant stage, the more intense the later imposion at its white dwarf and eventual blackhall stage. Just another fact of life in this universe.
4. techieman said...
JU - whats you view on manuka? Its interesting on here who are in the deflation and who are in the inflation camp. We all know that BT over extended themselves with excessive leverage and the then management have moved on, retired etc with (im guessing) pretty good fat cat pay offs. Its a shame that the employees are paying for their mistakes. Having said that i cant say im surprised at this. I posted a few months back about a city law firm that had agreed to a 4 day week, rather than face redundancies.
I would not be surprised to see that carry on across various industries and companies.
5. devo said...
Japanese Uncle, in the fullness of time your Rowes Honey Ticker will be seen as one of the key indicators in charting this depression.
6. japanese uncle said...
techieman
Unless you are an EA in a housing bubble or another fraudulent solicitor, manuka is simply unaffordable.
7. paul said...
Drifting vaguely back on topic, I bet those with fat mortgages won't be too enamoured with this prospect, putting them right in the firing line for redundancy.
8. techieman said...
well JU i used to have it all the time to settle my stomach before dinner...... expensive yes (but it seemed to work very well) but my question was more directed to whether you knew of the supposed health benefits and if you thought it was worth it or knew of an alternative (since you seem to be up on the honey info). How we dispose of our disposal income is really up to us... isn't it?
9. japanese uncle said...
techieman
The notion itself that I am having six pounds a jar honey may be disturbing to my stomach.
Anyway, to put is simply, I am a miser.
10. bellwether said...
you get indigeestion/heartburn techie? If so I've got a sure fire cure.
11. titaniccaptain said...
Total agreement with JU
Another example of deflating wages in a deflating economy.........side effect = deflating housing market.....simple
just how long all this takes is another matter........I'm going back to my prediction made in Aprill 2008 and that is the sh*t will hit the fan this Autumn....... and for 12 months after utter decimation of the housing market with the odd blip.
12. techieman said...
ok b/weather i'll bite (pun intended) .... what is it?
13. japanese uncle said...
tc
I am afraid it will be a very very long process indeed. After the two main (fictitious) engines of the economy, ie financial service/banking and housing business are gone, what will be left? That is the question.
14. titaniccaptain said...
@JU
I think our bearish stance may have been the right one...its only time until the branch holding the housing market up snaps.
By the way another one of my old predictions has flourished .....don't know if you remember this one.
http://www.telegraph.co.uk/finance/financetopics/recession/5735050/Farmland-proving-resilient-to-recession.html
I wish I put my money where my mouth was last year.
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