skip to main content
|

Financial News

Thursday April 30, 02:52 PM
UK Suffers Worst Job Losses In Europe

By © Sky News 2009

UK Suffers Worst Job Losses In Europe
Click to enlarge photo
The UK suffered the largest number of job losses in Europe in the first three months of this year.

A report by the EU body Eurofound said the number of "announced" job losses in the UK was 63,330 between 2009 and March 31.

Europe's 27 member states saw 220,000 people lose their jobs.

That is the largest figure since Eurofound was set up in 2002 to study employment "restructuring".

The figures mean job losses are now outnumbering job creation in Europe by almost three to one.

The sectors most affected were financial services, car production and retail, according to Eurofound's latest European Restructuring Monitor (ERM) report.

For the third quarter in a row, car production was the sector with the greatest reported job loss (23,584 jobs).

Of the 219,390 "announced job losses" recorded across the EU, the highest number (63,314) was in the UK, followed by Poland (38,975), Germany (17,461) and France (11,779).

Eurofound said the report reveals evidence that "the global recession is worsening and deepening".

But there were also strong job creation moves in the catering business - restaurants and hotels and fast-food outlets, as well as discount store retailing.

The data confirms that unemployment is increasing in all EU countries except Germany, France, Austria and the Netherlands.

Click here for more breaking stories from Sky News

Send Article by Email  |  Send Article by IM  |  Blog This with Y! 360  |  Printable View

More From > Business
  Previous article : Millions Needed To Give Currys Extra Kick ( Sky News)
  Next article : Exxon Pumps In Billions Despite Profit Fall ( Sky News)
Full Coverage : Europe
  Previous article : EU Recession Will Be 'Deeper Than Feared' ( Sky News)
Yahoo! Finance : Finance News

Sky News
FTSE 100  Gainers  Losers
FTSE 250 Quotes by Sector
Dow Jones  Nasdaq  S&P 500
DAX 30   Eurostoxx 50
 

Recession

  Just how deep is the trough?
Banking Crisis
 

Are the banks out of the woods?

Stock Market Crash
  Explaining the global market turmoil
Money saving Tips
 

How to beat the credit crunch

Isn't Finance Funny?
 

Scandals and silliness


Message Boards
Property Pensions
Savings Utilities
UK Stocks Investing
Speach bubble MANKIND IS THIRSTY! THIRSTY FOR GOD., SOME KNOW THE TRUTH SOME DON'T
Speach bubble EVOLUTION=PREPOSTEROUS BEYOND WORDS
Speach bubble THERE IS NO GOD
Speach bubble GOD WAS,IS AND WILL ALWAYS BE!! PTL.
Speach bubble Bad News for MiPi's Salary


Archives of
Copyright © 2009 Sky News. All rights reserved.