Quote:
Originally Posted by Qtx
I read that bit but I don't see how you interpreted that as him saying there is no issue with front line staff? All it is saying is they are not getting rid of front line staff at present.
They are getting rid of the dead weight in management, not saying they are really happy with front line staff.
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It's quite simple, during the past 18 months VM hired around 1000 people, and the company didn't grow as expected.
Therefore, they are readjusting head count to meet expectations, they have already been paying off many people close to retirement age or long term absentees in recent weeks prior to the redundancy announcement.
There were always going to be some duplication in financial roles and roles no longer required as VM is no longer a stand alone business, so they are taking the opportunity to cut some dead wood from senior positions.
However, those involved with delivery of service are not at risk.
Everybody at risk will have been informed by Wednesday.