Thread regarding Refinitiv layoffs

The Wrexham cuts debated in UK Parliament

Even though nothing can probably be done about the cuts at Wrexham mass layoffs, it felt good to hear that this issue got that much public attention with a debate in the UK Parlament and that the local authorities took interest and decided to help the people that were cut. Maybe if authorities made more effort to communicate with the companies and hear their needs, things like this would happen less often.

http://www.leaderlive.co.uk/news/16988553.closure-of-wrexham-data-firm-refinitiv-sparks-angry-debate-at-parliament/

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| 1651 views | | 5 replies (last October 25, 2018) | Reply
Post ID: @OP+VIXK5Eg

5 replies (most recent on top)

Curious, what do you actually do in wrexham what kind of work are you performing cause someone told me all they do all day is copy and paste, is it data entry?

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Post ID: @6gor+VIXK5Eg

Great news everyone- fanny is fine! Refinitiv/Thomson Reuters!

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Post ID: @1ycn+VIXK5Eg

Howard B*tr ais a legend!!!!

He is the man who sent an email titled 'Closure.' to the whole Wrexham site 2 weeks before the official announcement.

Thanks Howard - you are a legend or you are a w-------rr!?? Everyone reading this, you can decide!!!

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Post ID: @1ick+VIXK5Eg

Tough luck! You were too expensive on a global context. Blackstone are a venture capital company. How did you think it would work out? At least they shat on you quickly! #HowardTheCoward

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Post ID: @1onh+VIXK5Eg

It wasn't debated - it was just mentioned by the local MP in a Parliamentary question just so he can get a story in the local paper.

A few days later he was down to ask the British Prime Minister a high profile question at Prime Minister's Question Time. Did he raised the issue of his 300 constitutents losing their jobs or the recent communication he received from Thomson Reuters desperately appealing for help over changes to UK data laws? No, he went with free TV licences for old people.

The truth is Wrexham has closed because the staff earn £15,500 a year for a very skilled job (very cheap by UK levels for such a job.) whereas Bangalore can do it for probably much less than £7000 (without those pesky employment laws.) (Hope the clients don't want the same quality though! I am told the Bangalore quality is currently at around 40-60% against the 96%+ that is regularly met and exceeded in Wrexham.

I would also imagine Refinitiv may not have to deal with the same data laws coming in in the UK if they are based in India.

So ask why Refinitiv have closed Wrexham. 300 highly skilled workers gone to be replaced by staff in Bangalore who will produce a very poor quality product once the staff in Wrexham have stopped checking EVERY record they produce. When Wrexham are made redundant, it will be the blind leading the blind as Refinitiv charge top dollar for second rate products!

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Post ID: @kzj+VIXK5Eg

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