Ya gotta love euphemisms. All the way from ‘collateral damage’ to ‘role impacts’. Aussie ‘wealth manager’ MLC, which is currently running TV ads stressing the ‘long-term’ nature of investing, has today confirmed that in the short-term 120 of its staff will have their roles impacted by the global financial crisis:
“Around 120 people are affected and we will aim to redeploy as many of these people as possible into other roles within the organisation. The role impacts are broadly spread across all areas of our business.”
MLC is currently consulting with employees over the proposed changes with final role impacts to be determined in early February, the spokesperson said.
“Final role impacts” sounds kind of serious to me. Sounds like, err, sacked.
