http://www.telegraph.co.uk/finance/e...e-iceberg.html
The number of confirmed job losses in the past 10 days alone has mounted to over 40,000, with a swathe of businesses joining Woolworths in either closing down or slashing back their workforces.
John Philpott, Chartered Institute of Personnel and Development chief economist, said: "You can't necessarily judge the full picture from the redundancies that we're seeing.
"A lot of jobs will also be lost by simply not re-hiring staff when they leave. The redundancies are just the tip of the iceberg."
Hopefully all this bad news will see the property market tumble drastically.
The number of confirmed job losses in the past 10 days alone has mounted to over 40,000, with a swathe of businesses joining Woolworths in either closing down or slashing back their workforces.
John Philpott, Chartered Institute of Personnel and Development chief economist, said: "You can't necessarily judge the full picture from the redundancies that we're seeing.
"A lot of jobs will also be lost by simply not re-hiring staff when they leave. The redundancies are just the tip of the iceberg."
Hopefully all this bad news will see the property market tumble drastically.
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