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...Because a company like Lehman will be keeping cleaners on its corporate payroll, and not subcontracting the work to a diversified service company with contracts throughout Canary Wharf and the City?

Not really, no.

You're looking in the wrong place. The temps will move on, the cleaners will be redeployed (as the phrase goes) one way or another.

It's the PAs and IT people who will have a harder time finding new work after this.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Sep 16th, 2008 at 08:12:20 AM EST
[ Parent ]
It's the PAs and IT people who will have a harder time finding new work after this.

And they're a suitable target for Schadenfreude.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Sep 16th, 2008 at 08:15:49 AM EST
[ Parent ]
And they're a suitable target for Schadenfreude.

Don't knock schadenfreude:  It's about the only kind of freude we get these days.  

We should laugh now, while we can.  We have long predicted this moment, and long known what follows:  It does not end with the lay-offs of 4000 drones.  

The Fates are kind.

by Gaianne on Tue Sep 16th, 2008 at 08:29:16 AM EST
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Actually, I was expecting to see a lot of schadenfreude in the London free commuter press (like there was when Bear crashed), but I find very little - mostly shock.

The "drones" had it coming, but the ones that won't be out of a job are these people.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Sep 16th, 2008 at 08:33:49 AM EST
[ Parent ]
No, we had not forgotten about that.  

The Fates are kind.
by Gaianne on Tue Sep 16th, 2008 at 08:38:23 AM EST
[ Parent ]

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