Thread: Barclays Greed
View Single Post
Old 06-03-2007, 13:47   #4
entwisi
God Member
 
entwisi's Avatar
 

Re: Barclays Greed

Dave, there is far more to stories than is reported as you and everyone else knows. Barclays have a number of Call Centres around the north west, one for Barclaycall in Salford Quays, another for loans in Liverpool, another for branch helpdesks in knutsford. Along with vast number of branches the odds are anyone who doesn't want to take the redundancy package should be able to find an internal transfer. I should also point out that Barclays redundancy package is far in excess of what they legally have to provide. Even the story printed tells of pay until October and help to find other work. This includes Barclays paying for people who want to retrain in another skill.

Please tell me of another company that offers this level of support cause I don't know of any.

With respect to the profits the company made. The majority of this comes not from the day to day banking of you and I, that actually costs the bank to provide as does the 2000 or so ATMs that Barclays runs. Most profit comes from business banking and investment banking. If you look at profit against total turnover the profit margin is actually quite low(if a pub was to run on teh same % it would be closed in no time). Add to that that 1/3rd of the profit goes to the goverment in tax that helps support the NHS, education etc then a profitable banking industry is something that should be encouraged. As a shareholder I want my investment to grow and by being profitable I can look forward to my pensions etc providing a comfortable old age. (PS, the major shareholders in Barclays and other banks are pension funds so your pension is also directly linked to a profitable financial services industry)
__________________
Ian

Technical God, No 1 Geek And Linux Guru

Have you seen my Flickr pictures?

entwisi is offline   Reply With Quote