25 February 2017
Visit EBAday.com

BarCap cuts IT contractor rates

09 November 2011  |  6537 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  |  9519 views  |  0 comments
BarCap said to cut 600 jobs

BarCap said to cut 600 jobs

13 January 2011  |  10067 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  |  7438 views  |  0 comments
Barclays slashes IT contractor rates

Barclays slashes IT contractor rates

29 July 2008  |  12117 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit dh.com

Who is commenting?

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
12174 views comments | 51 tweets | 72 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8320 views comments | 40 tweets | 34 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6597 views comments | 18 tweets | 13 linkedin
hands typing furiouslyDecoding the Policy Impact of India's Unio...
6469 views 0 | 13 tweets | 2 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
6344 views comments | 7 tweets | 4 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job