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The American Empire in a Changing World



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Sunday, August 7, 2011

'Bonfire of the jobless bankers'

good luck in the private sector........from the telegraph......


"The bonfire of the bankers is upon us, but the thousands of banking staff faced with losing their jobs could have an extra thing to worry about. According to some headhunters, nobody will want to rehire them"


"Banker-bashing has now become so ingrained in the British psyche that it has found its way into recruitment circles too. Where private sector companies in a range of industries would have once jumped at the chance of hiring ex-bankers, many now will not touch them with a barge pole, according to some executive search firms.
Moira Benigson, managing partner at The MBS Group, says: "In the past, there would have been companies who would have taken bankers on or had a look at them. It is different now. Bankers do not have such a good reputation any more."
Benigson says that countless media headlines over the past few years portraying "greedy" bankers and their role in the credit crunch has left a bad smell in the air. "This makes it very difficult for [banking] people losing their jobs," she says.
The question, then, for the 48,000 staff set to be made redundant from the UK's major banks within three years, is where on earth will they go?"............READ MORE



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