Graduates choose retail over the City

Supermarkets are expanding their graduate recruitment programmes as students turn their backs on jobs in the City.Sainsbury’s will increase its graduate intake by 30 per cent to 85 places in 2010, up from 65 this year, while discount retailer Aldi will increase placements from 90 to 120. Tesco is keeping graduate numbers roughly the same at 200 but this still goes against the grain of the largely contracting graduate jobs market.
 

It’s untenable to have a normal retirement age in public-sector schemes that is significantly different from the state retirement age

Brian Bailey, Director of pensions, West Midlands Pension Fund and member of High Pay Commission