February 9, 2009
Job security decreases
Story link: Job security decreases
The lack of employment currently on offer is definitely not good for people looking for jobs now. This is likely to get even worse when companies slash even more jobs, as there will be a huge demand for jobs, but definitely not enough supply.
Skilled workers will be forced to look for lower paid jobs just to keep their own finances afloat.
UK companies are shedding jobs at an ever-growing rate, says the Chartered Institute of Personnel (CIPD).
Its research suggests more than one in three UK employers are planning to cut jobs in the first three months of 2009.