Snaefell050 Posted April 6, 2009 Share Posted April 6, 2009 Not good - I have a few friends there too. I'm not ringing them on the back of a forum thread though, until I hear something official. Bad news. Both my parents work in the call centre, but they're looking for new jobs. Link to comment Share on other sites More sharing options...
manxman8180 Posted April 6, 2009 Share Posted April 6, 2009 It's a thing that I take no pleasure in Pull the other one Rog, you conceited twat. I can sense the smug grin from here. Link to comment Share on other sites More sharing options...
Dave Hedgehog Posted April 6, 2009 Share Posted April 6, 2009 Over 100 jobs to go. Confirmed here http://www.iomtoday.co.im/news/More-than-1...s-to.5145358.jp Link to comment Share on other sites More sharing options...
Rog Posted April 6, 2009 Share Posted April 6, 2009 cannot see a world wide bank not wanting a branch network here Beyond dealing with the local business why should they once the tax dodging and money laundering is ended. And there is no point in denying either, if it were NOT to dodge tax why on earth would anyone want or need to bank on the IOM if they were not residents? There's a dam cold wind about to blow through the whole Island, in fact it's already started. It's a thing that I take no pleasure in but I am concerned that those in power who can afford to be isolated from what is going to happen will put the kybosh on what will need to be done for the benefit of the many. One option that would serve the Island well would be to build a nuclear power facility and export electricity to the Mainland. That is the sort of ‘out of the box’ thinking and ‘out of the box’ actions that will be needed similarly a serious re-think about tourism. Will any of it happen? Like I say, since those in a position of power to cause these things to be done will be isolated from the horrible downturn in the Manx economy it is highly unlikely and once again people will; have to do what I and so many others did in the 60’s – leave in order to have any sort of life at all. Link to comment Share on other sites More sharing options...
manxman8180 Posted April 6, 2009 Share Posted April 6, 2009 Agree with Albert, just had a friend on a work permit had his renewed quite easily, and I was surprised this is still the case. Slim, if you've got a permit, it will get renewed. On the basis that people will have established themselves here. They are concentrating on 'new' arrivals in construction, retail, hospitality and office admin. Focus might change if numbers continue to grow. Link to comment Share on other sites More sharing options...
When Skies Are Grey Posted April 6, 2009 Share Posted April 6, 2009 Beyond dealing with the local business why should they once the tax dodging and money laundering is ended. You are late out of your iron lung today fella.....i guess you must be wringing your hands with glee at the prospect of the Island's slow demise. Link to comment Share on other sites More sharing options...
Rog Posted April 6, 2009 Share Posted April 6, 2009 Beyond dealing with the local business why should they once the tax dodging and money laundering is ended. You are late out of your iron lung today fella.....i guess you must be wringing your hands with glee at the prospect of the Island's slow demise. Wrong. I am saddened that so many will have to make the hard choice and face the harder consequences of that choice that I and so many others had to in the past. Link to comment Share on other sites More sharing options...
Rog Posted April 6, 2009 Share Posted April 6, 2009 It's a thing that I take no pleasure in Pull the other one Rog, you conceited twat. I can sense the smug grin from here. No grin, smug or otherwise from me over this matter. It was a thing that had to come to an end, the tragedy is that those in power would seem to have been in denial for far too long. No grin from me. Link to comment Share on other sites More sharing options...
Stavros Posted April 6, 2009 Share Posted April 6, 2009 Isle of Man Link to comment Share on other sites More sharing options...
When Skies Are Grey Posted April 6, 2009 Share Posted April 6, 2009 Your concern is touching..... There are some wider ramifiations here for the remaining fund admin firms in the IOM....HSBC's decision, particularly in light of the draconian fund legislation over here, is going to make a few others look at their operational base I am sure. Link to comment Share on other sites More sharing options...
sunset Posted April 6, 2009 Share Posted April 6, 2009 This has just been posted on IOM Today - 107 jobs to go http://www.iomtoday.co.im/news/More-than-1...s-to.5145358.jp Link to comment Share on other sites More sharing options...
keyboarder Posted April 6, 2009 Share Posted April 6, 2009 One option that would serve the Island well would be to build a nuclear power facility and export electricity to the Mainland. That is the sort of ‘out of the box’ thinking and ‘out of the box’ actions that will be needed That's more 'out of the mind'. Link to comment Share on other sites More sharing options...
Albert Tatlock Posted April 6, 2009 Share Posted April 6, 2009 100 jobs is 0.25% of the working population. Doesn't seem much, but look at all the over-capacity in the industry at the moment, add a few more, and it soon mounts up. Link to comment Share on other sites More sharing options...
Slim Posted April 6, 2009 Share Posted April 6, 2009 And there is no point in denying either, if it were NOT to dodge tax why on earth would anyone want or need to bank on the IOM if they were not residents? This post shows your ignorance. These job losses are fund administration and asset management, not banking. Albert: big knock on though, innit? Link to comment Share on other sites More sharing options...
Mutley Posted April 6, 2009 Share Posted April 6, 2009 There are some wider ramifiations here for the remaining fund admin firms in the IOM....HSBC's decision, particularly in light of the draconian fund legislation over here, is going to make a few others look at their operational base I am sure. Yes they've been told but they (FSC/GOVT) won't/can't comprehend it. They're too busy playing politics with the OECD/G20/etc to realise we need to be just behind the curve on legislation not at the forefront. We have no competitive advantage. Fund Managers don't want the hassle that comes with the IOM. Link to comment Share on other sites More sharing options...
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