Friday, December 28, 2007
Boom to Bust – 2008 predicted to be the worst year for jobs for decade
The outlook for the UK jobs market is the worst for a decade with unemployment and redundancies expected to rise in the wake of the international credit crisis. The jobs slowdown could prompt bigger cuts in interest rates than currently anticipated to head off the threat of recession. HR professionals will have to deal with the tricky task of compulsory redundancies.