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chris25

Job Cuts Have Been Increasing The Past Few Days

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http://www.thisiscornwall.co.uk/news/Double-jobs-blow-sees-300-redundancies-announced/article-3591153-detail/article.html

Almost 300 redundancies have been announced in Plymouth after two companies announced they are to make cutbacks in the city.

Printing firm the Wyndeham Press Group Ltd, formerly St Ives Plymouth, plans to close its Plympton base in August after the site made a £2.95 million loss. This could see 145 staff lose their jobs.

And the Royal Bank of Scotland has confirmed that 150 jobs will go in Plymouth, as part of 700 redundancies across the UK.

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/05/24/bloomberg1376-LLR4DT07SXKX01-5UQDT89P8921SHFO8I77QMK2AN.DTL

May 25 (Bloomberg) -- Finmeccanica SpA's Selex Galileo unit, which makes defense electronics including military radios, will eliminate about 150 manufacturing, engineering and support jobs at sites in the U.K. as military budgets shrink.

Job cuts will come at sites in Luton and Basildon, England and Aberporth, Wales, Selex Galileo said today in an e-mailed statement.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/05/24/bloomberg1376-LLR4DT07SXKX01-5UQDT89P8921SHFO8I77QMK2AN.DTL#ixzz1NTCUzoHw

http://www.ftadviser.com/FinancialAdviser/Insurance/News/article/20110526/410a23b0-82d1-11e0-8cd9-00144f2af8e8/Aegon-UK-unveils-213-job-cuts.jsp

Adrian Grace, chief executive of Aegon UK, said 213 jobs would go across marketing, IT and personal assistant support staff.

He said the firm would also outsource the areas involved in managing inbound and outbound documents within the business, which, once completed will mean 106 staff are transferred to the new supplier company Océ.

http://www.thenorthernecho.co.uk/business/9047543.Bank_note_printer_to_make_job_cuts/

BANK note printer De La Rue, which has a large North-East operation, is planning to make job cuts after suffering a slump in profits.

The 190-year-old company has not unveiled details of where the redundancies might take place as part of a restructuring plan to reduce costs by about £30m over three years.

http://www.independent.co.uk/news/business/news/diageo-chief-signals-job-cuts-2289062.html

Thousands of staff at the drinks manufacturer Diageo are concerned about their jobs following a warning from the company behind Guinness that it is planning a major restructuring.

Paul Walsh, Diageo's chief executive, said consultations with staff would begin as the company sought to "ensure resources are deployed closer to the market and in those areas where the potential for growth is greatest". That would appear to have negative implications for staff in the UK and Ireland.

http://www.mirror.co.uk/news/city-news/2011/05/25/rbs-impose-700-more-job-cuts-taking-total-to-21-200-since-bank-was-bailed-out-115875-23154764/

UNION leaders expressed “utter disbelief” at plans by Royal Bank of Scotland to axe 700 more jobs.

This cull includes closing a centre in Telford, employing 500 people, which deals with debt management and fraud.

The cuts are among 3,500 announced last September but RBS staff have only now been given 12 months’ notice that they’re due to get the chop.

http://www.legalweek.com/legal-week/news/2073581/eversheds-confirms-75-job-cuts-completes-outsourcing

Eversheds has cut 75 jobs across its Birmingham, Cardiff and Leeds offices as a result of a back-office outsourcing agreement with Accenture it announced in August last year.

The outsourcing, which has seen more than 350 of Eversheds’ financial support processes taken on by Accenture in Bangalore since the deal was agreed, is due to be completed by September, with the firm predicting no further redundancies.

All in 24 hours. Google news is overflowing with UK job cut news

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Many on here seem to think that we have too few people working. I've long held the view that we have too many and that the private sector is even more over-bloated than the public sector. More precisely, the countries wage bill is higher than our productive output justifies. The excess has been paid for by borrowed money, not least a £100 billion a year of net new mortgage lending. Now that private borrowing has collapsed, those excess jobs are being shaken out of the economy. Time for a new economic model built on a Citizen's Basic Income.

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I don't think its any secret that we see companies calling profits and job losses on the same day, is it?

Although, that has the caveat of only being able to cut so deep before you kill the host.

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A lot of companies making longer term plans - the plan being to get out of the UK and into other, less debt-soaked, cheaper, more vibrant, functional economies.

Edited by OnlyMe

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We are getting into uncharted territory, I suppose. Globalisation was the panacea according to the VI's, on the back of unprecedented debt and cheap chinese goods we were going to thrive. TBH the hangover looks utterly bleak..... the truth is there is no reason to do business in the UK other than foreign crooks in London.

However, on a positive note, I believe manufacturing WILL come back.*

*When they remove the minimum wage for the over 60's.

This great experiment is turning into a nighmare. Plenty predicted it, right enough.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • Even
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      • up 5%



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