At the time of writing, no-one has thought to update or remove Lehman Brothers’ web site, and its careers page tells applicants that they can “build a career with us and realise your full potential”. This, more than anything else we have read about recent events, brings home the fragility of employment in the present market.
Estimates of job losses in the banking and financial sector range between 40,000 and 110,000 and not just where the company has actually gone into insolvency. The take-over of HBOS by Lloyds TSB may save HBOS, but there will inevitably be job losses. Meanwhile, Barclays and others are said to be recruiting amongst those who have lost, or who fear they will lose, their jobs.
If you are in any of these positions – out of a job, fearful of losing your job, or being offered a new job – we are here to help, whether making claims on your behalf, advising on compromise agreements or considering a job offer.
Please contact Felix Appelbe or Andrew Penfold on 020 7242 7000.
