Just when we thought that Spring cannot be far away, comes a jobs outlook report set to knock us all back again, with more concern about job losses.
Redundancies look set to almost double this quarter, compared with the final quarter of 2009, among those employers that plan to make redundancies. Those employers expect on average to cut 6.2% of their workforce in the first quarter of 2010, compared with 3.8% in the previous quarter.
Those are just some of the findings from the latest CIPD/KPMG quarterly Labour Market Outlook survey of over 700 employers. The survey not only highlights the likely situation with redundancies but also indicates a substantial fall in ‘employment intentions’ in the public sector.
No wonder John Philpott, Chief Economic Adviser at the CIPD says: “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.”
Ouch!
www.cipd.co.uk
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