Posts Tagged ‘job losses’
CIPD warns of high unemployment amid Government spending cuts
A report by the Chartered Institute of Personnel and Development (CIPD) has warned that UK unemployment could reach 2.95 million, from its current 2.51 million, as a result of the Government’s planned spending cuts.
According to the influential think tank, 750,000 public sector workers could join the dole queue as the new coalition Government embarks on [...]
CIPD warns of high unemployment amid Government spending cuts
A report by the Chartered Institute of Personnel and Development (CIPD) has warned that UK unemployment could reach 2.95 million, from its current 2.51 million, as a result of the Government’s planned spending cuts.
According to the influential think tank, 750,000 public sector workers could join the dole queue as the new coalition Government embarks on [...]
Turnaround plan sees further 650 jobs go at Northern Rock
Nationalised Northern Rock has announced it will axe a further 650 jobs by the end of the year as it prepares to return to the private sector.
The reduction in headcount is part of the bank’s radical turnaround plan and comes just one week after it said it is to close its banking operation in Guernsey [...]
German unveils austerity measures
Following a two-day cabinet meeting, German Chancellor Angela Merkel has unveiled austerity measures after she said Germany cannot live beyond its means.
The country’s public deficit currently stands at 3.3% of GDP and the public debt rose to 73.2% – exceeding the 60% level set by Brussels.
Germany will cut the budget deficit by a record €80 [...]
500 further jobs set to go at RBS
Royal Bank of Scotland (RBS), which is 84% state-owned, has today announced it will axe a further 500 positions within its wealth management division, as part of its three-year restructuring plan.
Since its bailout at the height of the financial crisis, the bank has shed approximately 23,100 jobs and today’s announcement comes less than a [...]