Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

C & W Slash 3000 Jobs

Recommended Posts

http://business.timesonline.co.uk/article/...2062010,00.html

C&W slashes 3,000 jobs in strategic overhaul
By Miles Costello
Beleaguered telecoms firm Cable & Wireless plans to lay off as many as 3,000 staff as it embarks on a dramatic transformation plan that will see it jettison 90 per cent of its customers and concentrate on big-ticket corporate sales.

The VIs constantly claim low IR and high employment is underpinning inflation in the housing market. It would appear that the underpinning is being eroded quite dramatically as world IR rise and jobs are lost.

HPC 2006.

Share this post


Link to post
Share on other sites

http://business.timesonline.co.uk/article/...2062010,00.html

C&W slashes 3,000 jobs in strategic overhaul
By Miles Costello
Beleaguered telecoms firm Cable & Wireless plans to lay off as many as 3,000 staff as it embarks on a dramatic transformation plan that will see it jettison 90 per cent of its customers and concentrate on big-ticket corporate sales.

The VIs constantly claim low IR and high employment is underpinning inflation in the housing market. It would appear that the underpinning is being eroded quite dramatically as world IR rise and jobs are lost.

HPC 2006.

You see dramatic erosion.

I see a healthy reallocation of productive resources.

Share this post


Link to post
Share on other sites

could you please explain that to me ? do you mean BT is going to take them all ?

In my industry we've been shutting down trainbuilding factories in the UK for years. Now there's only one left, and that's reasonably efficient. Everytime it happens there's handwringing, wailing and general gnashing of teeth but before long the land (and often the buildings) and by-and-large the people find new productive roles. Who remembers or cares much now about Swindon's historic trainbuilding facilities? Or close to my own heart, York's? The UK economy has been exceptionally good at reabsorbing and regenerating sunset industries.

By contrast France and Germany both retain dozens of unprofitable trainbuilding factories. They can't survive forever.

I don't diminish the anguish the transition can cause to the people concerned, but for the economy as a whole it is a vital and age-old process - and C&W is no different, as the new CEO says it's a shitty industry they're in.

Share this post


Link to post
Share on other sites

the new CEO says it's a shitty industry they're in.

The UK Managing Director of Cable and Wireless has just enquired about getting a brand new £80k daimler from me about an hour ago!!!!!! :D:D:D:D

Share this post


Link to post
Share on other sites

In my industry we've been shutting down trainbuilding factories in the UK for years. Now there's only one left, and that's reasonably efficient. Everytime it happens there's handwringing, wailing and general gnashing of teeth but before long the land (and often the buildings) and by-and-large the people find new productive roles. Who remembers or cares much now about Swindon's historic trainbuilding facilities? Or close to my own heart, York's? The UK economy has been exceptionally good at reabsorbing and regenerating sunset industries.

By contrast France and Germany both retain dozens of unprofitable trainbuilding factories. They can't survive forever.

I don't diminish the anguish the transition can cause to the people concerned, but for the economy as a whole it is a vital and age-old process - and C&W is no different, as the new CEO says it's a shitty industry they're in.

Trouble is, there isn't an obvious thing for people in this country to transition into. We can't all make sandwiches for each other you know.

Share this post


Link to post
Share on other sites

The VIs constantly claim low IR and high employment is underpinning inflation in the housing market. It would appear that the underpinning is being eroded quite dramatically as world IR rise and jobs are lost.

HPC 2006.

Underpinning is futile if the foundations are built on quicksand

Share this post


Link to post
Share on other sites

I don't diminish the anguish the transition can cause to the people concerned, but for the economy as a whole it is a vital and age-old process - and C&W is no different, as the new CEO says it's a shitty industry they're in.

Absolutely, we are in the Brown miracle era, there are plenty of highly paid opportunities for all of these workers in the public sector which is crying out for more staff.

Seriously though...

I agree the rise and fall of industries and sectors is a natual consequence of progression: agriculture, mining, steel, manufacturing, services.

Also no point in keeping people in non-jobs.

But....

With everything getting offshored these days in IT/Tech service sector what exactly is going to be the next big job creator. It's these big private job creators that through taxation can then keep the other public workers in employment. :huh:

Edited by BTLOptingOut

Share this post


Link to post
Share on other sites

Absolutely, we are in the Brown miracle era, there are plenty of highly paid opportunities for all of these workers in the public sector which is crying out for more staff.

Seriously though...

I agree the rise and fall of industries and sectors is a natual consequence of progression: agriculture, mining, steel, manufacturing, services.

Also no point in keeping people in non-jobs.

But....

With everything getting offshored these days in IT/Tech service sector what exactly is going to be the next big job creator. It's these big private job creators that through taxation can then keep the other public workers in employment. :huh:

Well it ain't building trains by the look it!

Share this post


Link to post
Share on other sites

Well it ain't building trains by the look it!

Used to work for Energis a company based in Reading that C&W took over last year

most of the 3000 job losses will be in Reading and at C&W UK headquarters in Bracknell.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.