Printer Friendly

8000 jobs created by PPI scandal.

MORE than 8000 jobs have been created by the payment protection insurance scandal, recruitment firm Manpower estimate.

Banks have hired an army of workers to deal with a flood of claims from customers who think they've been mis-sold policies.

Manpower reckon 10,000 are employed in banks and other financial firms, 8000 of whom are new recruits rather than moved from other jobs. The number is expected to rise even further, with 13 per cent more firms in the financial sector planning on boosting staff numbers over the next three months than cut them. he ng n An avalanche of PPI refunds is also expected to provide much-needed help for the doubledip hit economy. d ed: James Hick, a Manpower board member, said: "The average pay-out is pounds 3000 per customer so that is a big boost to the economy."

COPYRIGHT 2012 Scottish Daily Record & Sunday
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:Daily Record (Glasgow, Scotland)
Date:Jun 12, 2012
Previous Article:YOU CAN'T BANK ON 60.
Next Article:GAP GROWS ACROSS UK; Hiring in south but lay-offs in north.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |