What Now For the Foreseeable future of Jobs in Telecoms London?

What now with the ? telecom auditing long run of jobs in Telecoms London location?

Recently there have been substantial culls made in the ranks on the much larger telcos. Virgin and BT to name but a number of in britain. More than 12,000 and counting.

What exactly are the options for these people now provided the condition of misery in the financial system?

Would be the London telecoms employment market lifeless?

For a telecoms headhunter, I expert the telecoms downturn in 2000-1. Mainly a variety of things conspired, unsustainable bubble progress, order of expensive 3G licenses and United kingdom telecoms skilled it's possess small recession seven yrs back. It had been a tad like a nuclear wintertime back again then for telecoms company, a great deal of fallout. Ex BT and C & W veterans will testify, many still feel the ramifications today. So will this prove to be the same?

As the nations capital, London is the place where most international businesses, including telecoms converge. This is not going to change overnight. In telecoms London location is a prime spot for US companies to hire their first man in EMEA, a Sales Director for example.

Telecoms normal rate of expansion.

Well, as an industry, telecoms is meant to be growing at a rate of in excess of 30% each year. This is evidenced by the fact that there are so many telecoms startups each year, that they have even ran out of names to call all these companies.

So what would it take for your telecoms current market to slow down to the point where it is in an implosive recession? Probably the whole global overall economy in meltdown.

Economic Situation

What about the wider British isles work industry: telecoms Manchester, telecoms Birmingham, telecoms Edinburgh markets respectively? What are the prospects like there?

It can be not all bad. Do consider that most large organisations normally do occasionally fillet staffing levels, do internal reshuffles and close/sell the odd unprofitable department here or there, it just doesn't normally make the news. They are large beasts, with big dynamics in a constantly changing state of flux.

Then there are other companies, who were doing badly anyway, who will use this economic climate stuff to just offload people they needed to anyway. We have seen loads of this recently.

Sure, some companies have cautiously enforced hiring freezes. Some existing job requisitions have gone on hold, but not all. The careers market place was fiercely bubbling just 4 months ago. And what about all the money injected by governments all over the planet to stabilise economies? What effect will that have, positive we can only hope. And where did all that money come from anyway? One can only assume that someone somewhere squirrels money away in a big pot labelled. "when the poop hits the fan, use this". Lets hope it works.

So why did the panic fund piggy bank get unceremoniously smashed without hesitation? It had been precisely to prevent a long, drawn out recession like the one in Japan that has lasted the last 10 many years. It had been the short sharp shock treatment to rapidly stabilise the markets and prevent global shockwaves.

Jobseekers practical recovery plan.

So what is called on by the telecoms jobseeker or newly redundant employee of BT/Virgin?