17 October 2017
Find out more

BarCap cuts IT contractor rates

09 November 2011  |  6731 views  |  0 Fingers on Tablet computer, calculating

Barclays Capital has slashed IT contractors' pay rates by 10% and told temps to take an enforced 10 day holiday before the end of the year.

According to a communication to temps, seen by tech news site The Register, contractors have been given until 11 November to respond to the take-it-or-leave-it offer with the new rate coming into force on 5 December.

The bank is "re-aligning" its rates with the "current market conditions, which have dropped suddenly in Q3 as a result of the majority of our competitors implementing similar initiatives".

Barclays Capital cuts IT contractor rates by 10% ... again - The Register

KeywordsPEOPLE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Hays blunder exposes RBS contractor pay details

Hays blunder exposes RBS contractor pay details

24 August 2011  |  9781 views  |  0 comments
BarCap said to cut 600 jobs

BarCap said to cut 600 jobs

13 January 2011  |  10247 views  |  0 comments
Lloyds to cut 2100 more jobs; slashes IT contractor pay

Lloyds to cut 2100 more jobs; slashes IT contractor pay

30 June 2009  |  7723 views  |  0 comments
Barclays slashes IT contractor rates

Barclays slashes IT contractor rates

29 July 2008  |  12322 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.capgemini.comvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14419 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13056 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8953 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7894 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7595 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job