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Redundancies to Increase Sharply in Next Few Months
08/03/2011
Redundancies are set to increase sharply in the next few months, with most public sector employers planning to cut jobs.
A survey of 750 employers showed that staffing levels were heading for a fall after holding up relatively well last year.
According to a new report, more employers are planning to cut staff in the first quarter of this year, with two-thirds of public sector organisations axing jobs in the first three months of the year, rising to three out of four in local government.
Public policy adviser at the Chartered Institute of Personnel and Development, Gerwyn Davies, said: 'The first three months of 2011 was always going to be a quarter of reckoning for the jobs market, and it seems that last year's modest recovery will be reversed by a modest relapse this year…’.
Homeowners aged over 55 years who are concerned about the possibility of redundancy and would like to know how much money the value of their property could release to help, can find out by contacting therightequityrelease.co.uk for equity release advice.
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