Source: Personnel Today Date: 14-11-2011 Publisher: RBI

Jobs market facing "slow, painful contraction", says CIPD

AUTHOR: John Eccleston


The UK jobs market is set to experience a "slow, painful contraction" in the final quarter of this year, with many employers putting their hiring activity on hold due to ongoing economic uncertainty, according to the Chartered Institute of Personnel and Development (CIPD).

The CIPD's latest Labour Market Outlook report found that employers are "hedging their bets", with fewer organisations planning to offshore jobs and recruit overseas workers at a time of reduced recruitment and fewer redundancies.

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