‘Quarter of reckoning’ brings job losses
Feb 14 2011
Public sector organisations will look to decrease staffing numbers in Q1
Redundancies are set to rise sharply in the first quarter of 2011 in the public sector as government cuts bite.
The Labour Market Outlook net employment index, which measures the difference between the proportion of companies increasing total staffing levels and those that intend to decrease them in the first quarter of 2011, has fallen to -3 from +11 in the past three months.
While the private sector will continue to generate jobs, with manufacturing (+20) and private sector services (+20) providing the majority of the growth, public sector organisations (-66) will be looking to reduce the size of their workforces in the first quarter of 2011.
Gerwyn Davies, public policy adviser at the Chartered Institute of Personnel and Development (CIPD) which commissioned the research says, ‘The first quarter 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.’
Adds Davies, ‘While private sector jobs generation is encouraging, it’s more important than ever that the government continues its growth efforts in the private sector so as to offset the jobs gloom in the public sector.’
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