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Credit Insurer Atradius Plans To Cut 500 Jobs

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Interesting snippets.....

Atradius, which along with Euler Hermes and Coface account for 80 per cent of the UK market, has been the subject of considerable criticism from some angered at their role in the collapse of high-street retailers such as Woolworths.

Creditor insurers are bracing themselves for a potentially difficult autumn and winter period with a surge in insolvencies among British companies seen as likely to some observers. "We know it's coming," said one credit insurer. "The amount of money being deferred by the taxman at the moment is staggering and is only putting off the inevitable".

http://www.independent.co.uk/news/business...1m-1790294.html

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Interesting snippets.....

Atradius, which along with Euler Hermes and Coface account for 80 per cent of the UK market, has been the subject of considerable criticism from some angered at their role in the collapse of high-street retailers such as Woolworths.

Creditor insurers are bracing themselves for a potentially difficult autumn and winter period with a surge in insolvencies among British companies seen as likely to some observers. "We know it's coming," said one credit insurer. "The amount of money being deferred by the taxman at the moment is staggering and is only putting off the inevitable".

http://www.independent.co.uk/news/business...1m-1790294.html

smashing management decision that to buy Credito Y Caucion at the top of the market!

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