Feeds

Huge jobs loss to follow public sector cuts

A million posts down the tubes as govt slims down

Mobile application security vulnerability report

Half a million private sector jobs are likely to be lost as a result of public sector spending cuts.

Predicted public sector cuts could mean 186,000 fewer jobs in business services and 47,000 fewer people employed in transport and communications. Add to that job losses from the construction, manufacturing and hospitality sectors and there are altogether 468,000 job losses predicted for the private sector.

The numbers, from PricewaterhouseCoopers (PwC), predict a knock-on impact from government cuts of 3.4 per cent, or 943,000 jobs - a figure which includes both public- and private-sector job losses.

Losses will be worst in Northern Ireland, which will lose 5.2 per cent of total jobs. In Wales, 4.3 per cent of employed people are predicted to lose their jobs and Scotland will shed 4.1 per cent of posts.

John Hawksworth, chief economist at PwC, said: “The business services sector faces the largest impacts in absolute terms with a potential output loss of around 4 per cent and around 180,000 job cuts due to reduced public sector demand in current areas of operation."

Hawksworth said there were some suggestions of the Coalition blurring lines between private and public sector, which might mitigate the job losses. More from PwC here. ®

Mobile application security vulnerability report

More from The Register

next story
UK.gov's Open Source switch WON'T get rid of Microsoft, y'know
What do you mean, we've ditched Redmond in favour of IBM?!
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
US Social Security 'wasted $300 million on an IT BOONDOGGLE'
Scrutiny committee bods probe derailed database project
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
Australia floats website blocks and ISP liability to stop copyright thieves
Big Content could get the right to order ISPs to stop traffic
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.