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

Boots Announces Massive Lay-offs , 2250 To Go

Recommended Posts

http://uk.biz.yahoo.com/17032006/214/boots...2-250-jobs.html

Friday March 17, 05:32 PM

Boots cuts 2,250 jobs

LONDON (ShareCast) - Chemist chain Boots announced it was hiving off more than 2,000 jobs from its workforce over the next three years.

The group is planning to invest about £250m in community pharmacies and its supply chain in an effort to reduce stock holding, improve productivity and lower property costs.

The review will also result in job losses, estimated to be around 2,250.

Sadly, more houses coming on the market soon. :(

Share this post


Link to post
Share on other sites

Boots have been on trouble for a while now. I saw the signs when they callously disbanded their £1.99 meal deal in favour of the £2.99 one. Now I shop elsewhere.

Share this post


Link to post
Share on other sites

but surely all these job cuts increase the likelyhood of a rate cut - leading to more HPI

Depends if unemployed people and bearish sentiment can drive inflated prices further than they are today?

Share this post


Link to post
Share on other sites
Guest Bart of Darkness

Surely these cuts are taking place abroad?

How can there be any need for redundancies under the auspices of "Golden Gordon".

Only yesterday there were spontaneous demonstrations all over Oceania Britain as workers praised Big Blair for "Our New Happy Life".

It must be true, NuLab told me so. :)

Share this post


Link to post
Share on other sites

Depends if unemployed people and bearish sentiment can drive inflated prices further than they are today?

These days one wouldn't put it past the banks to lend money to the unemployed.

Share this post


Link to post
Share on other sites
Guest muttley

The job losses are as a result of their merger with Alliance Unichem and come entirely from the distribution centres.

Both Boots and Alliance Unichem are wholesalers too, so it would make sense in light of the merger.Also the job losses are over three years ,giving staff plenty of time to look elsewhere.The last time Boots announced big redundancies from their Head Office in Beeston some 95% of staff were able to find jobs before being given the "Boot"

Boots are cr@p though.

Share this post


Link to post
Share on other sites

These days one wouldn't put it past the banks to lend money to the unemployed.

I walked out of A&L the other day, having opened 3 new accounts and depositing just under £500.....

I have been offered £25000 loan and given a £3500 credit card and £900 overdraft.... I have decreased limit on the card to £250 as i dont want the worry if i lose it...... I also let them know that i am not working, just as a precaution, in case they dumped a load of cash in my account too....

I could have been an extra £4400 in debt that day.... With the possibility of an extra £25000 on the way...

If i was creaking under a mortgage or card debts it would be an excellent opportunity to balance the books for a while, might even buy a few fancy bits for the house, or go on holiday, play the rich mans game for a couple of months....

Another bank loaned me £10000 because i was a good customer (Always into my OD)... So i took it and tarted my house up and sold it last summer, paid them back straight away.... Again i wasnt working at the time and they never even bothered to ask (even though my wages hadnt gone in for months).....

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.

  • 338 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.