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Renowned Insurance Firm Started to Fire Some Employees!

June 17th 2009 04:50
Honestly, maybe this recession wasn’t the worse in human history, but it had already forced many branded companies to cut off its employees.

One of the world’s renowned insurance firms, Legal & General (L&G) has planning to cut 560 employees. The cut off plan is made up of 300 full-time staffs and 260 contractors/part-timers.

The Legal & General has over 8,500 employees, where the main offices are located in London, Cardiff, Brighton and Kingswood.

The L&G’s CEO promised that they will help those employees who have been fired by L&G to find suitable alternative employment in the near future.


In other hands, the Unite Union has opposite thought about this announcement, as they think it’s “Utterly disturbing” and unnecessary. Rob MacGregor, the Unite National Officer claimed that L&G’s act is inappropriate and they should reconsider it, before they’re taking the action.
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2 Comments. [ Add A Comment ]

Comment by katyzzz

June 17th 2009 09:36
It would have been very bad if Governments had not mortgaged our future and taken some horrible risks to keep it afloat, early days yet Wilson, don't be too optimistic.

Comment by Wilson Pon

June 17th 2009 09:41
Well, Katyzzz. In this case, some economists predict that the economic turbulence had weakening. However, it might take longer time than we expected for the fully recovery...

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