• News/Talk
  • Music
  • Entertainment

Marketplace

Marketplace Off Air

Going Down Under

Australian press reports job cuts at Macquarie Group, one of the country’s biggest banks, may have topped 1000. If so, that’d be about 10 percent of Macquarie employees in Australia, its home base. Erik Jensen in the Sydney Morning Herald says bankers were taken very much by surprise.

They locked the doors down on our level, said we had a meeting. Then they just went around, one by one: ‘Here’s your letter, goodbye,”’ a senior infrastructure analyst, now redundant, said. “This is no earth tremor, it’s an earthquake. It’s f—-ed. It just came out of nowhere.”

  • December 5, 2008 — Doug Krizner
  • 0 comments

Post a comment

 


Comment preview will appear below.
If responding to another comment, your comment will appear below the original comment when it's published.

The following HTML tags are allowed in your comments:
+ Bold: <b>Text</b>
+ Italic: <i>Text</i>
+ Link: <a href="http://url" target="_blank">Link</a>

Subscribe to RSS



Latest Posts

 ©2007 American Public Media