Further public sector job cuts predicted by leading thinktank
Further public sector job cuts predicted by leading thinktank
Monday 15th February 2010
Employment prospects in the UK are set to worsen in 2010, with one in three public sector employers planning to cut jobs, a report has forecast.A survey from the Chartered Institute of Personnel and Development (CIPD) has found job losses could increase well past the current 2.46 million level - despite seeing a fall in the quarter to November.
John Philpott, chief economic adviser at the CIPD, said: "The UK jobs market is still on the ropes, with a public sector fall in employment now a reality as it feels the impact of the longest recession in modern times.
"Despite the jobs market proving resilient in recent months, this represents a mere pause for breath with the number of redundancies easing in the private sector and spending cuts yet to be felt by large swathes of the public sector."
The survey of over 700 employers found firms plan to cut 6.2 per cent of their workforce in the first quarter of 2010, with the public sector looking to be hit hard. More employers were planning to cut staff than take on new workers, the report also found.
Mr Philpott added: "Unfortunately, there are more testing rounds ahead. Alongside the spectre of deep public spending cuts, the private sector will be dealing with ongoing concerns about productivity, wage costs and inflation.
"With many private sector companies looking to move jobs abroad in an attempt to find the right balance between skills, quality and cost reduction, the jobs market needs all the continued support and protection it is getting from the government."
The latest unemployment figures are due to be released on Wednesday.
Related News
British businesses call on next government to reduce deficit - 15/02/10
British businesses have told the government it must reduce the country's deficit as well as recommending the rise in National Insurance contributions (NICs) should be scrapped
British businesses have told the government it must reduce the country's deficit as well as recommending the rise in National Insurance contributions (NICs) should be scrapped
British Airways helps FTSE 100 begin week in positive fashion - 15/02/10
British Airways helped the FTSE 100 begin the week in positive fashion this morning with the London index rising over 40 points in early trading
British Airways helped the FTSE 100 begin the week in positive fashion this morning with the London index rising over 40 points in early trading
FTSE 100 closes down 0.36% as miners reverse early gains - 12/02/10
Britain's leading share index closed down Friday as miners reversed early gains and China's central bank announced it was raising banks' reserves requirements
Britain's leading share index closed down Friday as miners reversed early gains and China's central bank announced it was raising banks' reserves requirements
Eurozone recovery stalls in final quarter as Germany flatlines - 12/02/10
Germany's economy faltered in the final quarter of 2009, with GDP figures showing no growth, dragging down the entire eurozone overall as a result
Germany's economy faltered in the final quarter of 2009, with GDP figures showing no growth, dragging down the entire eurozone overall as a result
Eurostar travel chaos inquiry criticises 'insufficient' support - 12/02/10
A report into the failures which led to travel chaos for Eurostar passengers over Christmas found help for those stranded was "insufficient"
A report into the failures which led to travel chaos for Eurostar passengers over Christmas found help for those stranded was "insufficient"
News Article Search
Quick Apply
News Archive