This Friday's meeting...
We were a well considered team in the business - a specialist credit risk unit. One down from the product's Managing Director (my boss reported to the MD).
As of Monday, we have now been transferred to a new business unit within the bank and we are 4 levels from the MD's office.
The new division is known for its commoditisation of the banks products. I.e. we will be streamlined, service levels will be cut. Workload will go up.
We now sit in operations which has a much narrower pay structure which means that pay-rises will be few and far between as many of the team are above the maximum for that department.
The MD spoke to us and said that workload will be high and they may take on more staff, but workload will also increase. There will be no redundancies (which is bally annoying)!
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