Comments on: Butterfield Offers 56 Staff Early Retirement

By: Um jus sayin....

Um jus sayin.... — Fri, 16 Nov 2012 02:06:10 +0000

Ask people who were offered it last year….still there!!! These blogs kill me! All know so much and don’t know jack! Bermudians…know it all and so far away from the situation, only thing left to do is…assume!!!

By: Um jus sayin....

Um jus sayin.... — Fri, 16 Nov 2012 01:59:48 +0000

So you think! Amazing how folks know so much and know squat!!!

By: Um jus sayin....

Um jus sayin.... — Fri, 16 Nov 2012 01:57:57 +0000

Try again…

By: Triangle Drifter

Triangle Drifter — Fri, 16 Nov 2012 01:39:16 +0000

Unless, of course, you collect a government paycheck. There all you need to do is put in time & you get a pension. Being productive is not a requirement. Ask Paula.

By: Black Bermy in IB

Black Bermy in IB — Thu, 15 Nov 2012 23:27:02 +0000

Please tell me you don’t think that Butterfield exists to employ people. Businesses exist for profit. No profit and they die! Furthermore they need to make sufficient profit to attract investors. If I were a shareholder or debtholder of Butterfield’s I would vote to fire the board if they to employ people at my expense or at the expense of my investment or my pension fund. I would sell my share as would others thereby driving down the share price. This would drive down the share price so much that some vulture would come along and take any value left in Butterfield and then leave the rest to die.

Stop thinking that people deserve jobs. You earn a job by proving you can add value or profits to the owners of the business or else you don’t get to keep the job.

That’s how the real world works. That’s how business has always and will always work.

By: Common Sense

Common Sense — Thu, 15 Nov 2012 20:27:57 +0000

They are trying to make it look good – of course its NOT mandatory. FOR NOW! soon enough, they will have no choice but to make the rest who did not volunteer redundant. Which will then be mandatory. com’on think!!! They obviously can not afford those 56 people. so if only 20 ppl agree to the deal, you think they can continue to afford the other 36 people? Okay yeah, maybe for the next 6months then BOOM! WAKE UP PPL!!!

By: M.P.Mountbatten JP

M.P.Mountbatten JP — Thu, 15 Nov 2012 18:01:11 +0000

Short memory and terribly myopic U R GROSS . Isn’t this the same Premier that you are eluding to who was bashed by you and other UBP/OBA cronies for guaranteeing and backing this same bank for 200 million dollars .Enough already of your foolishness . You don’t like her and nothing she does will ever be right for you .
Wake up when she’s gone , but for now continue to rest miserably.

By: bye darn de rerd

bye darn de rerd — Thu, 15 Nov 2012 17:40:16 +0000

Brilliant!!

By: Autumn Fire

Autumn Fire — Thu, 15 Nov 2012 16:54:53 +0000

What a wonderful blessing God has granted you at 40. I say congratulations to you and your loved one, and may God continue to shower you and your family with more blessings in the future – it takes a lot for many women to have a child after 35…continuous health and prosperity unto you.

By: argosy

argosy — Thu, 15 Nov 2012 16:35:28 +0000

Further proof (as if we need any) that the economic recovery has begun.

So said the P.

Do you believe her? Has she got ANY credibility left?

She lost my support when she signed all those checks for you-know-who!

PLP – run on your record. If you’re so PROUD of your achievements, run on your record….

By: wrong

wrong — Thu, 15 Nov 2012 16:15:24 +0000

Who says that a person of 58 does not have a child at university/ post studies. I am 40, with my youngest being 1. When I am 60, I would most likely be paying education. Not everyone has children at a young age

By: la la dy

la la dy — Thu, 15 Nov 2012 16:05:51 +0000

Why are we so quick to put hard and able bodied workers over age 65 out to pasture? these are the folk who show up on time, go above and beyond the call of duty, do a full days work and hardly ever take sick time off, (and if they do they are really sick). Why would you trade them for the younger folk – some of whose work ethic is less than desirable?

By: Chart

Chart — Thu, 15 Nov 2012 14:56:59 +0000

Correction: cheaper to encourage early retirement than to pay termination.

By: Chart

Chart — Thu, 15 Nov 2012 14:56:06 +0000

Those are the facts.

By: jerky

jerky — Thu, 15 Nov 2012 14:49:35 +0000

ok so what’s the package for those who say no? are they going to be offered as sweet a deal when they reach retirement age? and as for this retirement age thing there are plenty of people who are still of sound mind and body well into their 70s. Sure there are some risks but there are also risks with 26 year olds with their car crashes and sporatic pregnancies.

By: Truth is killin' me...

Truth is killin' me... — Thu, 15 Nov 2012 12:36:23 +0000

They keep their job. Yeah right. If you believe that then I have a bridge to sell you. You obviously don’t know how a business is run these days. Wake up!!!

By: sheila brown

sheila brown — Thu, 15 Nov 2012 12:11:07 +0000

Legal Reasons – there are many in the workforce who had children late in life. I do acknowledge that if this offer is voluntary it could be a good incentive for some.

By: CFC_BLU

CFC_BLU — Thu, 15 Nov 2012 11:58:31 +0000

Well, I keep hearing about the hospitality industry……….so pot washing isn’t a bad idea.

By: your joking

your joking — Thu, 15 Nov 2012 10:16:24 +0000

Looking for other work as………potwasher?.

By: Mad Dawg

Mad Dawg — Thu, 15 Nov 2012 10:10:34 +0000

If they’re not unemployed. And if they’re not disabled. You have no idea of people’s circumstances.

By: OMG

OMG — Thu, 15 Nov 2012 08:23:12 +0000

I think you meant “Standing Wrong for Bermudians”!!!

By: Merry Christmas (not)

Merry Christmas (not) — Thu, 15 Nov 2012 07:17:55 +0000

The bank said if they say no, then they keep their job, plain and simple. It is voluntary

By: Legal Reasons?

Legal Reasons? — Thu, 15 Nov 2012 04:29:07 +0000

“mothers and fathers employed so that they can care for their children”?!?

reading is not your forte, is it?… this offer is made to employees aged 58 to 64. their children are all grown up and already taking care of themselves.

By: Daveyboy

Daveyboy — Thu, 15 Nov 2012 03:35:08 +0000

- these r retirements not layoffs… Gazette is reporting bank says they get a pension and medical and aren’t left high and dry in this cr@ppy economy… Still have income while they look for other work. Not a bad way for BNTB to have handled… Better than most I’d say.

By: formidable deviant

formidable deviant — Thu, 15 Nov 2012 02:52:46 +0000

But Stand Strong is right though, so even if you don’t like the sarcasm, stfu, because you CANNOT defend the way things are. We are in a mess.

By: William

William — Thu, 15 Nov 2012 02:07:57 +0000

no matter what your political or meta thophysical beliefs get out of the way of oncomming; Trains, Tanks and Ocean Liners ..standing Wrong wont cut it..Trust me on this one.

By: Soooooo

Soooooo — Thu, 15 Nov 2012 02:04:35 +0000

This is the second time in the past couple of years that BofButt has offered this. The bank doesn’t want to look bad forcing people out. It’s a sign of the times…. Everyone is shedding staff (cheaper to pay them off than to pay them)

By: Um jus sayin....

Um jus sayin.... — Thu, 15 Nov 2012 01:26:39 +0000

…to be clear…ONLY if 56 people take up the offer!!! It says clearly that it is not mandatory!

By: Um jus sayin....

Um jus sayin.... — Thu, 15 Nov 2012 01:25:08 +0000

Get the facts…

By: Who Done it

Who Done it — Thu, 15 Nov 2012 01:07:37 +0000

I think the PLP, I mean the Govt has called in the loan to the bank or was it the bank who loaned to the country… I am so confused… What a mess and I am sure the retireing persons will have a nice reverse mortgage to live off… Sad so so sad…

By: Who Done it

Who Done it — Thu, 15 Nov 2012 01:02:58 +0000

Come again, where are you standing? and where are you going if you are standing, I don’t get it? And what are the indicators you are seeing that show a recovery… Ohhhhh Sarcasim… I almost missed it…

By: Truth is killin' me...

Truth is killin' me... — Thu, 15 Nov 2012 00:31:24 +0000

Optional – not mandatory. What happens if they say no?

By: sheila brown

sheila brown — Wed, 14 Nov 2012 23:56:18 +0000

Butterfield, you are on your way back, posting apx $37 million in net profits year to date. Is this not enough to keep mothers and fathers employed so that they can care for their children? Isn’t enough, enough??

By: Triangle Drifter

Triangle Drifter — Wed, 14 Nov 2012 23:31:27 +0000

Yet another PLP ‘Accomplishment’ with the added benefit of less traffic coming into town & easier parking for those going into the fewer open shops.

Standing strong & about to get run over by their failed policies.

By: downward spirals

downward spirals — Wed, 14 Nov 2012 22:43:02 +0000

The downward spiral continues.
Is this what was inadvertantly meant when someone said ‘resetting the dial’ a long time ago ?

There’s a whole lot of dial resetting yet to come. The first is going to have to be the complete resizing of government. It must and will happen .

Then there’s the retailers and service providers. Grocery shops . Oh , let’s not forget the landlords .
Nowhere near the bottom yet by a long shot. Will the above mentioned people be able to accept what they must eventually do and reset their own personal dials of profit ?

By: Keepin' it Real...4Real!

Keepin' it Real...4Real! — Wed, 14 Nov 2012 22:08:17 +0000

http://www.youtube.com/watch?v=ZrQKljnHg5s&feature=related

By: Pitts Bay

Pitts Bay — Wed, 14 Nov 2012 22:02:09 +0000

This is the result of the PLP standing strong for Bermudians!

Well done PLP.

Well….. I know which way I am going to vote this election

By: In Mark's Opinion

In Mark's Opinion — Wed, 14 Nov 2012 22:00:17 +0000

56 more paychecks will disappear, no end in sight.

By: Chart

Chart — Wed, 14 Nov 2012 21:41:03 +0000

As with Bank of Bermuda when it was bought by HSBC, the Bermuda jobs are being sucked out of Butterfield now that it is effectively owned by CIBC.

By: stand strong

stand strong — Wed, 14 Nov 2012 21:29:16 +0000

the ecomomy is recovering and businesses are opening!