Global Financial Crisis: Banks to sack 15,000.

The National Daily Newspaper of Edition 141, March 16-20, 2009 has it that banks are making plans to lay-off some members of their staff (abt 15, 000 from different banks), as a way of tackling the adversity of the global financial crisis, under the guise of human resources audit (HR audit).
it says, 'National Daily reliably gathered that lists of some bank employees, particularly those under contract and outsourcing employment, are already being compiled for retrenchment. However a few are said to be weighing the option of negotiating a downward review of staff salaries instead of outright sack.' '...bulk of the casualties are in the lower cadres, without core banking skills....' But for the intervention of Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) and Natioal Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), they could have started the process.
Now i ask, 'if banks cannot take care of their already-employed staff, why are they empolying more? why the recent tests and interviews? Are they employing us to retrench us later?Why...........?
Think about that!!!

Yes, i agree with u that banks r retrenching (asking their staff 2 resign).
Banks are trying to considerably reduce their overheads and operational costs. But where u've got it all wrong is the cadre that is affected. Like u said in ur post, senior staff ..... And thats whom it affects. Staff who hv put in no less than 7, 8yrs are given d option of resigning or taking a considerable pay-cut. Their(banks) thinking is why pay u such a huge amount to do ur job when they can pay ur junior a lesser amount which would be a marginal increase or might still be maintaining his/her previous pay and still do ur job effectively without compromising efficiency. Juniors taking over more tasking roles of higher cadre creates room for fresh intakes to fill the void in the lower cadre.Truth be told. Banks continously need inflow of fresh young blood into the system. Hence, their continuous recruitment excercise even in the midst of this GLOBAL FINANCIAL CRISIS.

pls,house how do u answer d question"Tell us wat u knw about d Global crises?'pls i need suggestions. Thank u.

pls house wot abt dose dat did dier intavw on d 17th & 18th jan in abj.hv dey started calin dem?pls any1 wit any info on dis shud pls share wit d house.tanx