CIPD/KPMG: ‘Even bigger jobs cull’

Mon, 9 Feb 2009

The latest report from the Chartered Institute of Personnel and Development (CIPD) has found 36% of employers expect to make redundancies in Q1.

Andrew Smith, chief economist at KPMG, says: “The speed of deterioration in the labour market is breathtaking. Higher unemployment will weaken demand which in turn will lead to higher unemployment.”