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Post by Kingswoodian BTS on Dec 20, 2008 17:58:07 GMT
Does it exist?
Anyone know how one would go about getting it?
I keep hearing corridor rumours of 'X, Y & Z' getting 'packages' or 'early retirement' etc.
I can't be the only one who's had enough and wants out.
Please, please, please give us the option.
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Post by LG guest on Feb 25, 2009 0:04:00 GMT
Just announced - upto 450 redundancies at L&G coming soon throughout the company - see you all at the job centre!
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Post by left at LandG on Feb 25, 2009 7:02:50 GMT
Those 450 are just "support staff" - ie: non customer facing areas. So, both the retained IT people and the BAT staff are at risk along with BAs, Project Managers etc...
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Post by At risk on Feb 25, 2009 7:53:43 GMT
The areas affected are:
Business Change, Business Standards and Risk, Compliance, Finance and Management Information, Head Office Support, HR and Training, Information Technology and Sales Support.
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Post by Voluntary on Feb 25, 2009 14:27:39 GMT
Good luck all.
lets see if all those niche skills and poorly commented scripts will keep me in a job.
lets all pray to anything that might be holy that there is a middle management cull.
What do we want: Paper pushers out. When do we want it: in the first wave.
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Post by Cher Price on Feb 25, 2009 17:16:04 GMT
According to the L&G website they had 8900 UK staff at Jan 1st 2008. That year L&G mad a £912M operating profit. Or £102k profit per member of staff. If they get rid of 450 staff plus the 320 IT staff Tuped and a few others who have gone already then that would be 8 - 10% of the staff. The City will love it. Expect a triumphant press announcement any time soon.
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Post by Angry on Feb 25, 2009 21:10:16 GMT
L&G plans to cut up to 450 jobs The insurer Legal & General is planning to cut between 250 and 450 jobs, the BBC has learned. Legal & General said the cuts were due to "changing business demand and operational efficiencies". "L&G will keep any potential redundancies to a minimum and will try to find suitable alternative employment for staff affected," a spokesman said. Legal & General's main offices are in London, Cardiff, Brighton and Kingswood in SussexSurrey. Story from BBC NEWS: news.bbc.co.uk/go/pr/fr/-/1/hi/business/7911489.stm
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Post by Anon on Feb 26, 2009 9:01:00 GMT
The BBC have now corrected their article to say Kingswood, Surrey! news.bbc.co.uk/1/hi/business/7911489.stmThey are also asking for comments from those affected! Go for it everyone - let the world know what is going on!
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Post by RonsApples on Feb 26, 2009 13:19:57 GMT
That would explain the sudden change in the firewall rules then !
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Post by Cher Price on Feb 26, 2009 17:52:51 GMT
The City will love it. Expect a triumphant press announcement any time soon. Lay offs announced - share price rises 27.5%. Back of the net.
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Post by Generally Legal on Feb 26, 2009 18:03:53 GMT
The City will love it. Expect a triumphant press announcement any time soon. Lay offs announced - share price rises 27.5%. Back of the net. It is disgusting that this type of reaction from the city will be used by the board to justify their actions and pat themselves on the back for 'doing the right thing'.
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Post by Legal and Dreadful on Feb 26, 2009 19:26:38 GMT
Lay offs announced - share price rises 27.5%. Back of the net. It is disgusting that this type of reaction from the city will be used by the board to justify their actions and pat themselves on the back for 'doing the right thing'. Hmm, I don't think that is it. L&G's share price is linked to the type of stocks they own. Some of these are bank stocks which went up (for obvious reasons). Also, any which way you want to look at it, L&G share price is considered "cheap" so a bounce was always on the cards. Shorters who were targetting this share are closing their positions. Lastly, it doesn't take much to shift a share, % wise, when it is so low (i.e. a penny share). I wouldn't give any credit to the pathetic directors. They couldn't run a bath, much less a company.
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Post by cher price on Feb 27, 2009 17:02:34 GMT
Hmm, I don't think that is it. Youre having a laugh. RSA dumped 1200 people and their share price took off like a rocket. /'\ |-| |-| |-| |-| /__\ /|\ /|||\ /|||||\
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Post by Hove City Parker on Mar 20, 2009 18:35:52 GMT
Back to the original subject.
Does anyone know exactly how things are going to unfold?
Will there be any official voluntaries?
How are the compulsaries being decided?
Will we know before Christmas?
No rumours, just known facts please.
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Post by unitearecrap on Apr 23, 2009 23:00:14 GMT
BTS would appear to be getting off lightly so far compared to some area in the business. It would be interesting to know what influence Dempsey had. Was he a hero or a villain? With him leaving the march goes on, Mr. Yes Man gave his talk about BIS Transformation, with one Part timer already knowing their fate and the rest of us finding out tomorrow, Friday. I know my time and I have been checking other senior managers’ times to see if they have private meetings at the same time as me. It in nice that Unite have been so supportive. With the exception of them being in the initial meeting where they were seen to be holding hands and supporting HR we have not seen them.
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