Northern Rock: worker woe

I've refrained from commenting on the recent announcement of redundancies-to-be at Northern Rock out of apathy. After more than six months of procrastination, the powers-that-be have decided to run with the figures that the Telegraph accurately predicted back in October 2007. What a crock. It makes one wonder what else has been planned from the very beginning but is yet to see the light of day...

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/29/cnrock129.xml

One in three Northern Rock staff face axe

29/10/2007

Northern Rock may have to cut up to 2,000 jobs – one in three of its workforce – due to a dramatic slump in new business.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/18/bcnrock118.xml

Northern Rock to axe a third of staff

19/03/2008

Ron Sandler, boss of newly nationalised Northern Rock, plans to slash a third of jobs [2,000] at the stricken lender in an attempt to repay its £25bn taxpayer loan within three years.