Now Philips are cutting rates by 15%

A source has indicated that now Philips are cutting rates by 15%. And BACKDATING them to January - and forcing people to hand over the 'overpayment'. Um. Isnt that illegal ?

Whether its illegal or not, it certainly is morally offensive, and of course is building a huge amount of tension. As soon as folks sniff the first green shoots of recovery, and/or get a position elsewhere, then I can imagine there'll be a lot of movement.

Congratulations, Philips. You've joined a list of odious corporations who deserve no respect whatsoever.