Thursday, May 1, 2008

Rock bottom as lender plans to shed thousands of jobs

Rock starts consultation on 2,000 job losses

NORTHERN Rock have this afternoon submitted plans to the Government outlining its proposed 2,000 job cuts.The bank, which was put into temporary public ownership in February, handed in the legally-required redundancy form to the Government today.It means, though dates for job losses are yet to be confirmed, the bank will start its 90-day consultation with Unite the union and other staff representatives.

Posted by jack c @ 02:48 PM (568 views)
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5 thoughts on “Rock bottom as lender plans to shed thousands of jobs

  • tyrellcorporation says:

    An odd day to release this document?

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  • happyrenter says:

    presumably no local councillors up for election in the North East – or perhaps I’ve been lurking here too long and become too cynical 😉

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  • An odd day to release this document?

    Perhaps it wasn’t released….it escaped!

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  • I feel sorry for those staff that lose their jobs – particularly given the obscene bonus payments that the top dogs took. This is the start of the real negative news about falling house prices – the fact that it grinds the economy to a halt and people lose their jobs. After all I doubt if any of these 2,000 are going to be looking at holidays, builders, new cars etc. The thing that causes this pain is the bust, and the thing that causes the bust is the boom. If the boom had been restrained (could easily have been done) then this would not be the outcome. Which brings me on to another topic….

    I run a private property sale website. Obviously that does not make me an estate agent – the only similarity being that I facilitate the buying and selling fo houses – after all, everyone on here knows me for a true bear.. But I do think that charging a fixed fee, and thus removing the greed factor of talking up prices to get a bigger commission, would lessen the boom. I was therefore wondering if anyone was able to offer any advice on getting my website known / better advertised / top of the google list etc.

    Apologies for the shameless plug!

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  • inbreda, I can talk to you about this. What is your website and i’ll send you a mail.

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