Five redundant at Investec Trust
Friday 20th February 2009, 2:29PM GMT.
INVESTEC Trust Guernsey has made five staff redundant.
A spokesman for the company yesterday revealed that five employees had been ‘let go’ over the last five days, but would not say what sort of redundancy package they had been offered.
‘We consider this move to be normal in the course of a business reviewing its needs,’ he said.
The spokesman said the current climate had played its part.
‘It is always regrettable to lose people but we are living in exceptional times that require hard decisions to ensure continuing success for clients and staff.’
The news comes less than two weeks after Investec Bank, part of the Investec Group, won the Best Large Business category at the Awards For Achievement.
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I wonder what “continuing success for clients and staff” they had in mind for those employees who have lost their job?
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Zero/10 is working rather well isn’t it? The grow for growth is outstandingly successful. 6% growth? More like 6% contraction!!
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