As many as 600,000 people could lose their jobs in Britain next year, making 2009 the worst year for unemployment since 1991, personnel experts warned on Monday.
The Chartered Institute of Personnel and Development (CIPD) said a widely-expected recession would bite hard in Britain next year and could push unemployment close to the three million mark before the economy begins to recover.
"By the end of 2009 the number of people unemployed and actively seeking work will have increased to 2.8 million, one million above the autumn 2008 figure," John Philpott, the CIPD's chief economist, said in its annual Barometer Report.
read more at: http://in.news.yahoo.com/241/20081229/1265/tbs-6-00-000-british-jobs-to-go-in-2009.html
Monday, December 29, 2008
Economic crisis cause 9100 job layoffs in Microsoft
Yes its right worlds number one software company Microsoft is also hit by the downfall in the world economy at this point of time. And due to these facts Microsoft has been asked to cut its workforce by 10% i.e around 9,100 employees. This suggestion is to suggest the industry that profits are more important than revenue in such situations.
Predictions are there that company should announce some major layoffs in January 2009. Although company in on hiring freeze for quiet a time since October due to economy crisis.
Predictions are there that company should announce some major layoffs in January 2009. Although company in on hiring freeze for quiet a time since October due to economy crisis.
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