CIPD forecasts fluid job market
Tue 12 Feb 2008
There will be an increase in the number of firms expected to announce redundancies in what is expected to be a fluid job market, it has been claimed. According to new research, two in five employers intend to a lay off staff and a quarter are expected to reduce their workforce by at least ten people. The Chartered Institute of Personnel and Development (CIPD) and KPMG Labour Market Outlook, has predicted the worst affected areas will be the East Midlands, the West Midlands, and the south-west. John Philpott, chief economist at the CIPD, said a greater number of employers were expected to "trim their workforce", but stressed the study was no real cause for alarm. "With net recruitment activity still positive, signs of mounting employer pessimism shouldn’t be read as evidence of a jobs market approaching meltdown," he said. Currently, unemployment figures are at their lowest in 32 years
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