South Wins Civil War

The WSJ reports:

Some laid-off workers in the financial-services industry are making a novel pitch for jobs: They are offering to work for nothing.
“People have been sending their CVs to our New York office saying, ‘hire me for free for six months.’” says Christophe Chouard, head of sales at French fund of hedge funds manager HDF Finance. “The CVs we are receiving are pretty good. These people are saying, ‘just let me show you what I can do.’”
Headhunters said redundant financial-services staffers, particularly those working on institutional sales, were keen to keep their knowledge of the industry and their contacts up to date when they weren’t earning.
It isn’t just the prospect of cheap labor that might appeal to companies. The chief executive of one asset-management company said it was sad to see rows of empty desks–fully equipped but vacated–as a result of cost cutting.

Posted by on May 28th, 2009 at 8:07 am


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