IT contractors get squeezed

Following moves by RBS, Barclays, Deutsche Bank, Merrill Lynch and Nomura in demanding their IT contractors take a 10% pay-cut or lose the possibility of a contract renewal, JP Morgan has now demanded a 15% cut or else face being given notice.

In the current market, most contractors will have little choice but to agree, given the scarcity of roles available elsewhere.
Reblog this post [with Zemanta]

Labels: , ,

posted by John Wilson @ 3:42 PM Permanent Link newsvine reddit


Post a Comment

newsvine reddit

Links to this post:

Create a Link

<< Home