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LATEST NEWS
| Public Sector job losses likely to hit older workers the hardest | | | Source: TAEN 10.06.10
Reacting to the CIPD Chief Economist’s estimate that more than 725,000 public sector jobs are expected to be lost in the next four years under the coalition’s plans to cut the deficit, Chris Ball, Chief Executive of TAEN, today comments:
“This is likely to be particularly bad news for older workers. The proportion of older people working in the public sector is well over the general level in the economy at large and the proportion of those who will lose their jobs under the Government’s plans is likely to be skewed towards those workers in their 40s, 50s and 60s.”
“TAEN believes that as many as 40 per cent of the jobs lost are likely to be among workers aged 50 and over."
“Assuming that workers are made redundant in proportion to their numbers, we should expect that 40 per cent will be in the over-40 age bracket.”
He continued: “However, it is likely that many public sector employers will want to achieve their head count reductions by offering time-limited enhanced redundancy packages to ’volunteers’. One understands where they are coming from, but the result is likely to be a disproportionate number of older workers opting to go and then finding it hard going in the jobs market.”
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