Posts Tagged ‘outsourcing’
UK Job Market Still Uncertain
While it was announced that the UK had limped its way back to positive economic growth ending the recession, the job market is still suffering and the future looks bleak especially in the public sector where a report has said that one in three public sector employers plan to make job cuts this quarter.
Unemployment is currently at 2.46 million people. After the bailout of the banking system the UK government is faced with the prospect of making huge cuts in services and the possibility of more taxation for year to come.
In the private sector, outsourcing of jobs abroad is a likely prospect as costs are cheaper. India and Eastern European countries remain popular outsourcing destinations.