Managing the downturn: Alternative endings

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  • Relocation

    Sorry, no offence, what exactly are those booming markets people should get relocated to? Sure, a few months ago it looked like a good idea as emerging markets were slower to be affected by the crisis, but right now even the emerging market work is drying up for most major firms.

    It does make sense to a limited extent as you get people who wouldn't have left London for Dubai and Moscow to go there rather than be fired. However, in the short term, they will not be necessarily that much busier so as to justify the cost.

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