Widows staff face uncertain future - papers 26 Sept

The Edinburgh-based company did not rule out compulsory redundancies, says the paper. Some 200 permanent staff currently undertaking client services functions will be affected by the review, which will see a further 175 positions transferred to parent company Lloyds TSB group operations – also based in Chatham – by the end of the year. The company is considering moving an additional 75 Chatham-based positions to India. HEDGE FUNDS which solicit stock-picking ideas electronically from investment banks in return for big commissions were cleared of the taint of insider dealing yesterd...