Wednesday 14 March 2012

They would say that, wouldn't they?

I've got that Groundhog Day feeling. The banks make another round of  job cuts and the unions label them uncaring swines.

This time around, Unite has condemned 'brutal' job cuts at Lloyds Banking Group and RBS. The gruesome twosome are axing 1,300 and 464 jobs respectively. At Lloyds, 300 jobs are being sent abroad from IT whilst another 100 are being cut.

Have to say that the union has a point here. It doesn't look good when taxpayer supported institutions lay off staff at the lower end of their pay scales, particularly when it comes so soon after the massive bonuses handed out to their top dogs.

Depressing stuff.

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