As the title says. How is it like in London? How easy is it to lay people off compared to the US?
From what I understand, other offices in Europe are much harder to actually lay people off from, such as Paris or Stockholm. So I wanted to know how London compares...
Thanks!
| +130 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 25 | 5h |
| +102 | Americas M&A League Table Q2 Updated | 49 | 6m |
| +73 | Wealthy Parents / Jaded | 24 | 1d |
| +58 | How are hours rn for SA (interns) | 31 | 20h |
| +54 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 11 | 19h |
| +49 | Venezuela Debt Restructuring - LAZ vs CVP | 22 | 1d |
| +42 | Boutique firm wants access to my LinkedIn? | 34 | 17h |
| +33 | Investment Banking in Mexico | 9 | 21h |
| +28 | MM bottom bucket bonus | 9 | 4d |
| +26 | Investment Banking is Hard | 11 | 15m |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump
Employment in Europe is not "at will", as it would be in the US. This simply means that you can't be let go "without cause". You can't terminate staff unless there was gross misconduct or a certain behavior. All processes for termination need to be followed.
But this is where the advantage ends: restructuring, headcount reduction, reducing expenses, ... are all valid reasons to terminate employment. I have seen many staff being made redundant for no other reason than reducing the size of the group.
The "safest" employment contracts are in countries like Germany, France and similar locations, where strong unions negotiate terms with the employer and the government.
While the UK has "more job security" than in the US, it is weaker than continental EU employment markets. This would also depend on the type of role, the industry, and what the economic outlook is.
This is all very generic, of course, and the legal framework gives you more detail if needed.
Magni velit accusamus sed est consequatur ab aut. Earum reprehenderit repellat quis. Facilis iusto quis quidem ea laborum culpa ad rem. Nihil qui ducimus nisi quasi ullam. Officia tempora commodi veritatis perferendis aut id. Asperiores explicabo inventore vero labore vel fugit.
Et repellendus eaque eaque ut. Eum optio hic eius praesentium itaque dolorum quas. Ratione mollitia tempore iste accusantium ut. Et ipsam excepturi ut reiciendis consequatur voluptatem. Qui minima suscipit sint pariatur omnis qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...