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Jobs market set to stall?

09 August 2010 #Employment


Official figures have shown that unemployment fell in the three months to May this year, to a total of 2.47 million.  However, according to reports from the Chartered Institute of Personnel and Development (CIPD), a third of employers expect to cut jobs in the next three months.  Also, the CIPD report that the size of the cuts being considered has also increased.

Reports from the CIPD, who surveyed 600 companies, show that across all sectors employers are expecting to make on average 5.5% of their workforces redundant, which is up from the 3.6% average cuts that were being considered three months ago.

The public sector looks to be widely effected, with 36% looking to lose staff.  Additionally, whilst the private sector retain strong hiring intentions, the public sector do not share such intentions, hence the possibility is that the private sector recovery will be offset by the scale of cuts planned in the public sector.

Seems we will have to wait and see whether a private sector recovery will fill the void left by a shrinking public sector…

If your business is facing job cuts, be it low numbers or on a collective redundancy scale, take a look at our redundancy guidance notes, factsheets and related documents on employmentbuddy.com to ensure that you avoid the pitfalls associated with such a process.

Clarkslegal, specialist Employment lawyers in London, Reading and throughout the Thames Valley.
For further information about this or any other Employment matter please contact Clarkslegal's employment team by email at employmentunit@clarkslegal.com by telephone 020 7539 8000 (London office), 0118 958 5321 (Reading office) or by completing the form on this page.

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Anita Mishra

Anita Mishra
Partner

E: amishra@clarkslegal.com
T: 020 7539 8042
M: 0759 064 6006

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