The views expressed in any article published in this blog are the author's own and do not necessarily reflect the views of Joseph Foster or Bob Lupoli.

Monday, November 29, 2010

UK: 25% of workers 'fear losing jobs'

Bob:  the article below applies to the UK but the news is the same in the US or any Western countries, they always blame the recession, but no one in high government office ever blames the deindustrialization of the Western world. The reason is, when Western industries leave their home base for emerging market countries they are able to achieve low labour cost, that low labour cost means higher profit, another factor those that control Industry has more sway with the government than the average western worker. –Joe

One in four public sector workers fear they will lose their jobs as the Government's huge cuts in public spending start to take effect, according to a new study.
Two thirds of those questioned by the Chartered Institute of Personnel and Development (CIPD) said stress levels in their workplace had increased because of the economic downturn.
The survey of over 2,000 employees in private firms as well as the public sector represented a "bleak picture" of employee attitudes throughout the UK, said the CIPD.
Almost a third said their standard of living had fallen over the past six months, although job satisfaction showed a surprise increase, suggesting that workers were displaying a "fixed grin" attitude.
Ben Willmott, the CIPD's senior public policy adviser, said: "The findings echo what happened during early spring 2009 against the backdrop of recession, when job satisfaction rose before falling as economic and employment conditions improved.
"Both then and now there was talk of job losses and bleak economic commentary, suggesting that, when faced with an uncertain outlook, employees place more value on simply having a job than they do during more benign economic times.
"They are also less likely to look enviously over the fence and think the grass may be greener with another employer, which is not surprising given that two thirds of employees think it would be difficult to get a new job if they lost their current position."
One in five workers said their organization was planning redundancies, rising to 50% among public sector staff.

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