UK
Banks in the City are making lots and lots of people redundant, but there are still jobs to be had if you aspire to participate in the UK’s “nuclear renaissance”. The Independent today says 15,000 nuclear jobs will be created soon(ish), after an agreement was signed between Rolls-Royce, Balfour Beatty and Areva to build a new generation of UK reactors. Predictably, a lot of them will involve manufacturing and building things, but with four years until construction of the first reactor begins, there could be time to retrain.
Where will the bankers go? (Fortune).
Five tips for keeping your job (Fortune).
Where the jobs will be (CNBC).
Merrill and BofA voting on merger today (DealBook).
Merrill rumours mark III: bonuses down 70%, 20,000 staff to go (Telegraph).
“There are some hand grenades on the balance sheet that are going to blow up on Bank of America.” (Bloomberg).
Until very recently, Credit Suisse was expanding (Telegraph).
Can’t sell government bonds? Force banks to hold them (The Times).
Big (cuts) in Japan (The Times).
Lehman art on sale (Guardian).
Lots less jobs for economists (NY Magazine).
HSBC makes a packet selling its building then buying it back again (Reuters).
Somebody sells a house (Daily Mash).
r u frick’in serious to ‘retrain’ in building!? what happens in the next building crisis / downturn, then re-train again, to what?
i say if you are good enough, u will be kept, or be able to find another gig quickly. problems is we have so many incompetent ppl in finance, the wannabes.
really dont think that the maxim “if u r good enough, u will be kept” holds any real water at present. I am seeing daily people that i know, and very good people at that being let go. unfortunately it seems to be down to a big element of luck at present as to whether you can keep or find a role. and very little to do with you being any good . Always amazed by those that seem to go set against often infinitely weaker people being kept elsewhere