Public sector cuts ‘cancel jobs growth’

Recruitment by private firms is being cancelled out by large scale job losses in the public sector, according to a new report.

By The Newsroom

Published 18th May 2011, 07:00 BST

The Chartered Institute of Personnel and Development said there was now a “sharp contrast” between job prospects in the private and public sectors, with employment set to grow in manufacturing and other firms.

Published ahead of new unemployment figures today, the report said the number of organisations planning to make redundancies has risen to the highest level since the survey began in 2004.

More than half of public sector organisations predicted job losses in the three months to June, while almost a third of private companies were also making redundancies.

Institute policy adviser Gerwyn Davies said manufacturing was taking large strides forwards, but consumer-facing industries were only edging forwards due to a fear of another slowdown.

Recruitment