Lehman Brothers
Celebrations have also been planned in New York in September and Hong Kong in November.Chung Sung-Jun/Getty Images

The world witnessed the Great Recession, a period of global financial meltdown, in the late 2000s and early 2010s. While the effects may not have been felt evenly around the world, numerous companies were shuttered, thousands of people lost their jobs and homes and the GDP of various nations nosedived.

While the crash may have taken place about a decade ago, the pain and loss that came with it are still fresh in the minds of the people. However, it looks like not many think so and former Lehman Brothers and staff members are strangely even celebrating the 10th anniversary of the global crisis.

The former financial services firm, which declared bankruptcy in 2008, has sent an email invitation to the party, according to Financial News, and addressed it to "Lehman Brothers & Sisters." The reception, complete with cocktails and canapes, is reportedly set to be held in London on September 15.

"It's hard to believe it's been 10 years since the last of our Lehman days! ... One of the best things about Lehman was the people. What better way to celebrate the 10th anniversary than getting everyone from former MDs to former analysts back together again!" read the invitation.

Meanwhile, celebrations have also been planned in New York in September and Hong Kong in November.

The celebrations have now been labelled as "sickening" and Member of Parliament of UK also said that those who had suffered a "decade of austerity" would be "absolutely disgusted."

Youth unemployment UK
Employment levels among young people have fallen sharply since the recession, which has hit the incomes of those in their 20s (Reuters)

Adding that the celebrations were "unacceptable and highly inappropriate," he said: "It's particularly disgraceful in the context of all the people who lost their jobs and homes to pay for bailing out these bankers who caused the financial crash, as well as against a backdrop of firefighters, police officers and other public servants facing years of brutal Tory pay restraint. People will be absolutely disgusted about this unacceptable and highly inappropriate gathering."

Great Recession
A billboard featuring a 100 US dollar bill saying 'I'll be back', is seen over Times Squares during the recession in 2009.EMMANUEL DUNAND/AFP/Getty Images

While the Lehman brothers were reportedly aware that the plan may face backlash and even kept the venue and details of the party under wraps, things have evidently got out.

Several MPs even lashed out at the staff members and taunted that they should even celebrate the sinking of the Titanic.

"Couldn't they wait until April 14, which was the sinking of the Titanic? The downing of two iconic institutions is surely better than one," MP Nigel Evans said, according to the Daily Mail.