5,000 UK and Ireland jobs at risk as MBNA credit card division up for sale | Business | guardian.co.uk

This is not good news but if MBNA’s credit card business is viable a new buyer should be found. So the big headline of 5000 jobs at risk is just that.

When your company is for sale or a target for a hostile takeover, it does not mean direct redundancies. Although what normally happens in these situations is an integration into another company. They then often streamline the back-office to reduce the total cost and maintain or increase profits.

The streamlining will have some job losses or opportunities for the back-office staff to integrate into the new mother company.

There is no talk of MBNA being in trouble and going bankrupt.

The last thing you need to do is panic and jump ship too early but it never hurts to update your CV and think about what it is you want to do if this doesn’t work out. When you start looking for other work it might be a good idea to identify your transferable skills

The full article: 5,000 UK and Ireland jobs at risk as MBNA credit card division up for sale | Business | guardian.co.uk

Career Coaching @ careerjourney.co.uk

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