Redundancy alternatives - UK brokers strive to avoid redundancies
The global recession continues to bite businesses and employment levels hard. Katherine Brandon considers the alternatives to redundancies
A survey conducted by independent campaign group Keep Britain Working has highlighted that 97% of financial services employees polled would accept changes in their working conditions to help colleagues keep their jobs, with 30% willing to accept a pay cut. Last month's PB Sentiment Survey revealed that 70% of broker managers who responded were considering cuts in expenses but, before making redundancies, it is important for broker managers to consider the alternatives (see PB January-February
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