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Easing the pain of redundancy

Article Abstract:

Coutts Career Consultants, a British employment agency, is credited with originating outplacement services and is still a recognized leader in this field. Coutts' first outplacement services were contracted for by British Oxygen Company in 1971. When companies contract for outplacement services to help employees being laid off to find new employment positions, they assist not only the laid off workers (the redundants), but also improve the morale of the workers who survive layoffs. In Britain the national average for executives between jobs following a layoff is 11.2 months; Coutts claims to reduce this unemployed time to 4.3 months. The services of Professional & Executive Recruitment (PER), a British public agency, are also described. PER charges the new employer for its services, and provides its services free to job seekers.

United Kingdom, Economic aspects, Services, Employment, Executives, Job hunting, Layoffs, Employee dismissals, Employment terminations, Employment at will, Great Britain, Middle managers, Coutts Career Consultants

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The case they should never have tried

Article Abstract:

The Blue Arrow trial that initially found County NatWest CFO David Reed and three other defendants guilty of market manipulation is denounced as a futile legal exercise. The case stemmed from an investigation by the UK Dept of Trade and Industry that uncovered the take-up of Blue Arrow shares after the set deadline for their issuance. It was found out that shares that were not issued before the deadline were taken by County Natwest, Phillips and Drew Ltd and Dillon Read. County NatWest did not declare its 13% share of Blue Arrow, split into three tranches, because it was not legally bound to do so. These facts became the basis for the prosecution's charges of plotting to control the market through fraud. An appeal was filed right after the guilty verdict and the accused were immediately acquitted.

Cases, Blue Arrow PLC, County Natwest Ltd., Reed, Dave

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Stealing an IFRS march

Article Abstract:

European-listed companies are ahead in terms of adoption of the International Financial Reporting Standards (IFRS), but it is important for them to maximize the potential benefits of IFRS conversion.

Europe, Product standards, safety, & recalls, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Listing & Registration, Standards, Stock-exchange, Securities listing

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