Thread regarding Bank of New York Mellon Corp. layoffs

Edinburgh and Wexford. Today's announcements

Staff in Edinburgh and Wexford. What way was your news delivered to you today? And what are the next steps?
I've seen the news reports posted.

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Post ID: @OP+1jj51v309

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@dc+1 So glad i'm not the only one who thinks this.

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Post ID: @t4+1jj51v309

ST - the diva of Manchester

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Post ID: @d6+1jj51v309

@an+1jj51v309 It was trustee and depo services and some roles that support them (if I’m remembering correctly). Guessing they will get a smaller premises, not sure how many staff there are in there.

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Post ID: @aw+1jj51v309

Trustee and depositary staying in Edinburgh, remaining depts (mostly TA as I understand it) roles moving to Manchester

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Post ID: @av+1jj51v309

Very cold and brutally delivered in Wexford. No emotion from the CEO, 6 minutes is all it took. No opportunity for questions, he didn’t get a nice reaction unsurprisingly

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Post ID: @as+1jj51v309

Which function in Edinburgh is not impacted? If the office is going to close how can they not be impacted (unless you mean they can all work from home).

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Post ID: @an+1jj51v309

Edinburgh - In a room that didn’t have enough capacity. People squeezed in down the sides and standing out the doors. Script read delivering details on the functions (all but one group/department by the sounds of it) impacted. Emails to be delivered by end of day if you were impacted. Seems these arrived at varying times but supposed to be at a specific times. Consultations start from next week. Reps to be chosen this week.

Pretty inhumane even for BNY.

Almost every other peer company sees Edinburgh and their staff as an asset - but BNY don’t because Manchester’s cheaper. Hear strategic, think cheaper option.

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Post ID: @a3+1jj51v309

CT Wexford, no confirmation on anything other than site closing, seems like manchester is being pushed as relocation spot for anyone they can force to move, bent us over in the board room to tell us that

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Post ID: @a2+1jj51v309

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