Recruitment agencies are bracing themselves for another dip in the economy as more unwelcomed news trickles through.
The announcement over the weekend that BAE Systems will have 3,000 job cuts is a sign of the times and one of the places that are expected to be hit the hardest is Lancashire facility. This is on the back of slower sales for its Typhoon fighter jet.
This was not a total surprise as chief executive Ian King said last February that the group was suffering from restricted spending from its clients and that 15,000 workers had to be offloaded globally and warned at this point that further job cuts will have to be made in the near future.
This was not the only bad news with E.ON’s announcement that they will be cutting 500 support staff in its Coventry and Nottinghamshire offices after selling their distribution arm of their network. There was also a statement reiterating the company’s need to focus on keeping costs down so to keep costs low for the consumer.
Overall I would be concerned with the state of the global economy it seems that every time we see signs of green shoots, this is closely followed by bad news. I think that this has happened so many times now no one believes we will come out of this recession any time soon and expect more of a rollercoaster ride.


