Monday, Nov 02, 2009

Unemployment still on the up.

Telegraph: Royal Bank of Scotland to cut 3,700 branch jobs

Royal Bank of Scotland, the bank rescued by the taxpayer, is to cut 3,700 jobs among its branch staff.

Posted by flintster1994 @ 05:41 PM (1106 views)
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8 Comments

1. Sleepless said...

About time.

Monday, November 2, 2009 06:03PM Report Comment
 

2. cyril said...

Funny how these surplus staff are identified after nationalisation. And I thought the private sector was supposed to be efficient.

Monday, November 2, 2009 06:22PM Report Comment
 

3. sneaker said...

Nice to see the recession is over.

Monday, November 2, 2009 06:34PM Report Comment
 

4. paul said...

@cyril

shipbuilder identified the problem there - the anger being vented at the public sector (which has nothing to do with wages which are typically lower than in private but job security) is because the private sector has failed so dismally whereas the public sector has just carried on regardless.

Monday, November 2, 2009 06:52PM Report Comment
 

5. Mr G said...

Paul said@3 "the public sector has just carried on regardless"

You hit the nail right on the head there.

The public sector has it's head up it's backside or more politely buries it's head in the sand and sees no reason to change when it is subsidised by the majority of the working population.

Monday, November 2, 2009 07:54PM Report Comment
 

6. mr g said...

Paul said @3 "the public sector has just carried on regardless"

You hit the nail right on the head there Paul.

The public sector has it's head up it's own backside or more politely buries it's head in the sand and thinks it can continue to operate as inefficiently as it always has. Must be nice to know that the majority of the working population are subsidising your salary and pension.

Monday, November 2, 2009 07:58PM Report Comment
 

7. stillthinking said...

The collapse in the private sector is due to government and central bank intervention masking the true price of debt, and by so doing created an environment full of malinvestment i.e. overly cheap funds overflowing into the real economy making vapour companies, providing a false return on speculative investment during a debt bubble, and distorting and damaging the real sustainable economy because intermingled i.e. shopping streets jammed packed with estate agents.

That these and other companies lay off staff or close is an example OF private sector efficiency, not lack of it.

If you have the bad luck to work for some overpumped part of the state or for the company making turd hot dogs, keeping your job for a -while- longer while watching the economy and your alternative jobs fold in front of your eyes is the entire suicidal scam that is New Labour policy.

Monday, November 2, 2009 10:06PM Report Comment
 

8. mr g said...

stillthinkingsaid@5

I couldn't have worded that better myself, turd hot dogs are straight out of my dictionary!

Monday, November 2, 2009 11:08PM Report Comment
 

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