Unemployment over here in the UK is already soaring now its going to get even worse 10,000 Jobs to go at BT 
http://latestnews.virginmedia.com/ne...usands_of_jobs
Thousands more job cuts have been announced as unemployment levels continued to soar.
Telecoms giant BT dealt the biggest blow of all, revealing that it was axing 10,000 jobs, mainly among workers and sub-contractors.
The company said it had already cut 4,000 jobs as part of an ongoing efficiency programme which will mainly affect BT's indirect labour force such as agency workers, contractors and offshore staff. A further 6,000 jobs will go between now and March.
BT chief executive Ian Livingston said 7,000 workers left the firm every year so he did not envisage any compulsory redundancies in the latest round of cuts, which will affect head office functions, support staff and customer services.
Asked how long he thought the current economic downturn would last, Mr Livingston replied: "It will get worse before it gets better."
Financial services group Friends Provident announced it was axing 280 posts. Workers' union United claimed the cuts would come at the business's Manchester office and would result in the closure of the firm's main building in the city.
Truck-maker Leyland plans to axe almost 250 jobs and have an extended shutdown at its factory over Christmas because of "severe decline" in demand.
And there was a further blow to the economy after construction equipment firm JCB announced it was to shed almost 400 jobs.
The announcement comes after thousands of JCB workers last month voted to accept a £50-a-week pay cut in a bid to ward off job cuts.
Newspaper group Trinity Mirror also confirmed that it had axed 28 local titles so far this year and "could not rule out" more staff cuts as it upped 2008 cost-cutting plans by £5million.
http://latestnews.virginmedia.com/ne...usands_of_jobs
Thousands more job cuts have been announced as unemployment levels continued to soar.
Telecoms giant BT dealt the biggest blow of all, revealing that it was axing 10,000 jobs, mainly among workers and sub-contractors.
The company said it had already cut 4,000 jobs as part of an ongoing efficiency programme which will mainly affect BT's indirect labour force such as agency workers, contractors and offshore staff. A further 6,000 jobs will go between now and March.
BT chief executive Ian Livingston said 7,000 workers left the firm every year so he did not envisage any compulsory redundancies in the latest round of cuts, which will affect head office functions, support staff and customer services.
Asked how long he thought the current economic downturn would last, Mr Livingston replied: "It will get worse before it gets better."
Financial services group Friends Provident announced it was axing 280 posts. Workers' union United claimed the cuts would come at the business's Manchester office and would result in the closure of the firm's main building in the city.
Truck-maker Leyland plans to axe almost 250 jobs and have an extended shutdown at its factory over Christmas because of "severe decline" in demand.
And there was a further blow to the economy after construction equipment firm JCB announced it was to shed almost 400 jobs.
The announcement comes after thousands of JCB workers last month voted to accept a £50-a-week pay cut in a bid to ward off job cuts.
Newspaper group Trinity Mirror also confirmed that it had axed 28 local titles so far this year and "could not rule out" more staff cuts as it upped 2008 cost-cutting plans by £5million.
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