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CMI: Redundancy set to be common in 2012

CMI: Redundancy set to be common in 2012

Redundancy looks set to be commonplace once again in the British employment sector next year, new research has suggested.

According to a study by the Chartered Management Institute (CMI), in excess of 20 per cent of bosses across the country are anticipating a decline in the number of career development opportunities available nationwide in 2012.

The body's Future Forecast report also found that just eight per cent of senior officials feel confident regarding the growth prospects of their own business in the upcoming 12 months.

Positive sentiment has been in short supply among companies in recent times as issues such as the eurozone debt crisis rumble on.

And this research by the CMI - which has more than 90,000 members - has shown this trend is likely to continue in the coming months.

Christopher Kinsella, chief executive of the body, commented: "It is obvious from our research that 2011 has been yet another difficult year for managers so it comes as no surprise that we are not seeing an optimistic forecast for 2012."

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Posted by Chris Stevenson