Saturday, Aug 09, 2008
Unemployment looks set to increase further
The Times: Managers walk fine line on redundancies
"But with every passing day, this has the makings of a nastier slowdown. Yesterday's repossession figures were grim. Faced with flat or falling sales and rising input costs (notwithstanding the welcome plunge in the crude oil price in the past month), company bosses will be returning from their summer holidays under growing pressure to winkle out big savings. At most companies, these are to be located in the wages bill. Human resources directors are set for a busy, uncomfortable autumn".
Posted by becky @ 03:25 PM (255 views) Add Comment
1 Comment
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1. icarus said...
...and unlike the US it seems that few of the top managers in failing UK financial services companies are fired.