Top bosses feel chill of credit crunch - Talk Britain

Reuters · #1 (**permalink**) 10-08-2008, 23:21

LONDON (Reuters) - Over a third of leading businessmen expect their companies to suffer redundancies due to the economic downturn, according to a survey released on Monday.

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Sweetpea · #2 (**permalink**) 10-08-2008, 23:45

Quote:

LONDON (Reuters) - Over a third of leading businessmen expect their companies to suffer redundancies due to the economic downturn, according to a survey released on Monday.

Commissioned by the Leaders in London International Leadership Summit 2008, the poll of over 1,000 business leaders found 36 percent of them believe jobs will be lost, with 10 percent suggesting senior management could be made redundant

Don't suppose they will be taking any pay cuts though?

poppy · #3 (**permalink**) 11-08-2008, 05:55

my heart bleeds. NOT

Haqa · #4 (**permalink**) 11-08-2008, 07:04

Quote:

Originally Posted by Sweetpea

Don't suppose they will be taking any pay cuts though?

Far from it. Senior managers normally get pay rises and bonuses for reducing overheads in this way.

H.

Churchill · #5 (**permalink**) 11-08-2008, 08:48

Good with the bad, they can't really complain.

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