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1600 People To Loose Their Job Daily In The Uk In 2009 - Are You Scared?

1600 whooping jobs to be lost on a daily babsis in the UK in 2009 - how does this affect Nigerians?

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They way people sound sometimes, you would think the Credit crunch is an entirely UK problem.

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until it happens nah.

why get a heart attack in the meantime. Just do job training in some other field,or start planning in case.

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Kobojunkie, do you think companies call the Government to inform them whenever they sack a bunch of workers? In the UK, when we say x jobs have been lost, we mean y jobs were lost, but z were created, where y-z = x. All these figures are determined from the no of people claiming unemployment benefits every week, not because companies are notifying Government everytime they downsize. If z jobs are created, then z less people claim unemployment benefits and we know that there is a net gain of jobs into the economy. The net increase in unemployment claimants, calculated with the census figures and no of National Insurance contributions tells the government how many jobs are being lost and so on.

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The economy is not my provider. God is my provider.

olorun ni olupese ati oluso wa.

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yes,  even though the article does not mention this being a NET LOSS,  let us inject it so we can claim it is  calculated that way. WOOHOO!!!

1,600 jobs a day to go

http://news.scotsman.com/uk/1600-jobs-a-day-to.4826286.jp

NEXT year could be the worst for jobs in two decades, with 600,000 workers facing redundancy in the UK and others suffering a pay freeze, a gloomy report predicts today.

The Chartered Institute of Personnel and Development (CIPD) warned that when the recession ends, more than a million jobs could have been lost in the UK.

The institute, which represents managers and personnel staff, forecast that unemployment will stop short of three million, but it warned that the period between New Year and Easter will be the worst for redundancies since 1991.

The institute did not give a precise breakdown of expected job losses for Scotland, but, with 600,000 forecast to go across the UK, its share is likely to be at least 60,000. The UK figure represents 1,600 job losses a day.

The report is the latest in a series of dire forecasts for 2009. Last week, the British Retail Consortium said it expected 2008 to be the worst year for shops in many years.

This year's festive period has seen the fall of Woolworths and MFI; the clothing chain Officer's Club putting 150 stores up for sale; the tea and coffee firm Whittard of Chelsea going into administration; and problems at coffee retailer Beanscene. Yesterday, clothing retailer Adams confirmed it was calling in the administrators. Meanwhile, the Scottish Council for Development and Industry said yesterday it expected 2009 would be the first year of negative growth for almost three decades, and its chief executive, Dr Lesley Sawyers, said there would be more high-profile casualties in the coming 12 months.

The pessimistic message was reinforced by the CIPD's chief economist, John Philpott. He said: "This time last year, in the face of some scepticism, the CIPD warned that 2008 would be the UK's worst year for jobs in a decade. It was, but in retrospect it will be seen as merely the slow-motion prelude to the worst year for jobs in almost two decades.

"The CIPD's annual barometer forecast is that the UK economy will shed at least 600,000 jobs in 2009. Overall, the 18-month period from the start of the recession in mid-2008 until the end of 2009 will witness the loss of around three-quarters of a million jobs, equivalent to the total net rise in employment in the preceding three years."

A survey of 2,600 workers by the CIPD showed that more than one in four did not expect a pay rise next year. A similar number believed any wage increase will be lower than in 2008, while some feared a wage cut.

CIPD reward adviser, Charles Cotton, said: "With job cuts seemingly lurking around every corner employees are realistic about their pay prospects for the year ahead.

Iain Gray, the Scottish Labour leader, warned yesterday that Scotland was being left behind in its response to the economic crisis. He accused Holyrood ministers of being "paralysed" in their response.

And he claimed uncertainty over the Scottish Futures Trust – the Scottish Government's alternative to PPP and PFI funding – was making the situation worse.

But finance secretary John Swinney insisted that the picture north of the Border was better than in many parts of the UK.

He said: "Scotland continues to have significantly lower unemployment and higher economic activity rates than the UK as a whole, and within its powers the Scottish Government is doing all it can to help business and families.

"But the economic downturn will bite hard in 2009, and these measures will be more important than ever."

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What Kobojunkie doesn't understand is that these figures represent the net loss of jobs from the country i.e jobs created - jobs lost = -1600.

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The fact remains there are more people hired than fired.

Me i tire for the guy. It dosnt even move him that 1600 are gonna loose their job daily in 2009 in country like UK.If the world economy remains like this for long time can he multiply 1600people one month to know the average of people who are at the risk being unemployed jst for one month. He never thought of the cause and reasons for the speculation.

Everywhere in the world we know companies are laying off workers to cut cost in order to survive an economic crises we dont know when it shall end and he is talking about how many people who are to be employed. Ask him many companies that are ready to employ workers at this moment. Does he understands how many companies that have close up since september coz of the economic crises.

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This thing no be joke o.

I have nothing to fear yet as I work in the defence sector, but who knows, if the economy gets much worse, countries could drastically cut their military spending and yawa could gas. Two of my guys who work in finance and IT already lost their jobs and another who was interning at Lehman had his internship terminated. My sister works in marketing and she is seeing a lot of cutbacks. My brother-inlaw just left his old company in the building sector to join another company working on the Olympics stadium, next thing you know, his old company went bust and all his old mates are out of work - lucky for him.  Now it seems like Government jobs and energy sector jobs are the only safe havens. Like my guy who does energy trading told me, there has never been a recession in the energy sector.

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You guys bringing such post or topic here should go and get a life, this ** FORUM IS ONLY MEANT FOR ISSUES AFFECTING NIGERIA < HOW TO MOVE US FORWARD, CREATE WEALTH FOR YOUNG GRADUATES & PROSPER US AS A NATION** so therefore restrain from mentioning anything partaining to the UK.

We don't need to know what's going on in that country or your yeye IT Courses your going for, the tea you drink if its PG Tips etc.

After all the greedy UK government are still holding on to over $10billion stolen by Abacha and logged in Natwest, HSBC & Barclays and the banks have refused to make the money available to us the Nigerians or give us any debt forgiveness.

** YOU HAVE BEEN WARNED **

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Booms and busts are a fact of life, just like summer and winter. They will survive.

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@B.o.s.s, that is to be expected in an economic slow down, but it does matter that we understand it does not necessarily mean complete stand still, nor does it mean a 1929-type recession as this is what many, and even the media try sometimes to make it out to be.

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The fact remains there are more people hired than fired.

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Must you give foolish responses at all times? Why not go to the UK government and ask them this question? There is a problem with your reasoning.

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1600 to loose their job daily in the UK? What about the number of people getting jobs daily? Is that number not meaningful to the processing of the above? I mean there are people out there with new jobs regardless of the number that have lost their jobs in the same period.

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how do you come about this?

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