No growth in sight for jobs market, warns CIPD

Public sector spending cuts mean more job losses are likely this quarter despite the country’s emergence from the recession, according to the CIPD’s latest Labour Market Outlook report.The number of redundancies are expected to double this quarter compared with the final quarter of 2009, with employers from all sectors planning to cut their workforce by 6 per cent, the latest report from the CIPD and KPMG found.
 

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