Wednesday, November 12, 2008

Highest Unemployment Figures Since 1998

It’s all over the news today so we could go without acknowledging these latest figures due out today which are expected to show that unemployment has hit 1.8 million. People claiming Job-Seekers allowance are said to be around 1million. Yesterday it was reported that across the country 5000 jobs were being cut from some key industry players;

- Virgin Media are to axe around 2,200 jobs by 2012 under a sweeping restructure
- Yellow Pages directories firm Yell said it expected to shed another 1,300 jobs over the coming year.
- Psion announced more than 200 job cuts
- GlaxoSmithKline (GSK) plan to close a factory with the loss of 620 jobs

Yahoo! News reported that “experts are now warning that unemployment could soar to 2.7 million by next year - the highest figure for more than a decade.”

It is worrying when you read these stories and I personally know quite a few people that have been made redundant or face the threat of redundancies. All we can say is keep smiling and do your best to keep your job – read our article ‘How to Keep Your Job in the Credit Crunch’

If you do loose your job then please visit Careers in Recruitment for the latest jobs in Recruitment.

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