Monday, December 1, 2008

German bank BayernLB unveils 5,600 job cuts

German bank BayernLB unveils 5,600 job cuts

A statement said BayernLB would eliminate 5,600 posts of a total 19,200 in a bid to save 670 million euros (850 million dollars) over the next five years.

Posted by mark @ 01:05 PM (545 views)
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7 thoughts on “German bank BayernLB unveils 5,600 job cuts

  • little professor says:

    You like your job losses, don’t you mark.

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  • better than conspiracy stuff it is more real life and reflects what will happen to house prices as forced sales start

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  • planning4acrash says:

    That there is a conspiracy is non debatable. They lied about house prices and faked inflation stats for over a decade, remember lies about WMD’s in Iraq? The debate is, how deep does the conspiracy go, will it succeed, how can we resist it and protect us.

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  • What toxic “investments” is BayernLB holding? UK mortgages?

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  • “They lied about house prices” – I think they just had a stupid opinion. I think you give them too much credit. They’re idiots.

    “They lie to everyone. They lie to the fish.”

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  • You are right rumble: “They lie to everyone”………. but what is the reason? Unfortunately they cannot possibly be idiots in the real sense………What they are indisputably is corrupt. This is an intentional condition which requres manipulation,whereas being an idiot is not. Whether the end game is for power or wealth and whether the corruption requires cooperation (collusion) are questions we should all be asking.

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  • “Unfortunately they cannot possibly be idiots in the real sense” – what, like the president of the US?
    Yes, they’re corrupt, for power and wealth, and manipulate to gain aforementioned, but that doesn’t mean they’re intelligent, and certainly not enough to come up with some of the plots suggested. Basically, you’re suggesting that they’re competent and beyond – I’ve not seen evidence of that.

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