The Whitehall hit squad - UK Politics, UK - The Independent

The Whitehall hit squad - UK Politics, UK - The Independent: "Britain's most senior civil servant is to call in a group of key private sector businessmen to advise permanent secretaries on how make thousands of job cuts in the public sector. Sir Gus O'Donnell, the Cabinet Secretary, wants the civil service to learn from private companies how to reduce in size and reform without cutting services and important functions.
Downing Street is refusing to say who the businessmen are. Among those thought to have been approached is Richard Baker, who as chief executive of Boots led a reorganisation of the company that led to over 2,000 job losses. During Mr Baker's three-year stint as head of the high street chemist, its share price doubled."

Comments

Post a Comment

Popular posts from this blog

Rake 'to heal Barclays' reputation'

Barclays is lining up inside candidate Sir Michael Rake for the job of repairing the scandal-hit bank's reputation, reports have said. It is understood Barclays is poised to approach regulators for clearance to appoint Sir Michael as replacement for outgoing chairman Marcus Agius, who offered his resignation in the wake of the Libor fixing scandal. Sir Michael, who was promoted from senior independent director to deputy chairman amid the rate-rigging furore, is believed to be sounding out Barclays investors about becoming chairman. He is already said to have told shareholders he is ready to step down from the boards of airline easyJet and BT to secure the chairmanship. Speculation is also mounting over who will replace former Barclays chief executive Bob Diamond after his resignation last week. Front-runners are said to include former JP Morgan co-chief executive Bill Winters, who was a member of the Independent Commission on Banking that drew up plans to reform the UK banking sect...
Read more

Estepona Town Hall sacks 176 municipal workers

The news was given on Wednesday by the Councillor for Personnel, Pilar Fernández-Figares Estepona Town Hall has sacked 176 municipal workers. The PP Councillor for Personnel, Pilar Fernández-Figares, announced on Wednesday that the 176 workers are victims of the ERE Employment Regulation which the Town Hall put forward in June. The workers will be compensated with 2.5 million € and they will be given their ‘finiquito payments of 408,000 € between them. Pilar Fernández-Figares said one they were sacked the Town Hall will start to work on a new ‘training program for the reinsertion of the sacked workers’.
Read more

Shares in Standard Chartered dive after Iran allegations

Shares in Standard Chartered PLC dropped sharply today as investors reacted to US charges that the bank was involved in laundering money for Iran. The charges against Standard Chartered were a shock for a bank which proudly described itself recently as “boring.” Shares were down nearly 20 percent at 1,187 pence at one point in early trading Tuesday on the London Stock Exchange. In Hong Kong, they were down 16.6 percent near the end of the session. New York State Department of Financial Services alleged on Monday that Standard Chartered schemed with the Iranian government to launder $250 billion from 2001 to 2007, leaving the United States' financial system “vulnerable to terrorists.” Standard Chartered said it “strongly rejects” the allegations. In a statement, the bank said “well over 99.9 percent” of the questioned transactions with Iran complied with all regulations, and the exceptions amounted to $14 million. The New York regulato...
Read more