Thousands of public sector jobs in Northern Ireland could be axed over the next five years as the government is forced to pay off billions of pounds in borrowed money, a senior economist warned today.
Up to 10,000 jobs in the province and 350,000 across the UK are at risk as a result of the economic downturn and because government debt has now soared to record levels.
Northern Ireland is the most dependent region in the UK on the public sector employing 220,000 people. John Philpott, chief economist of the Chartered Institute of Personnel (CIPD) said: “The public sector has yet to feel the full impact of the recession and the resultant bloodbath in the public finances.” Local economist John Simpson believes as many as 3,000 public sector jobs could be lost in Northern Ireland every year over the next three years.
Full text from the Belfast Telegraph here: http://www.belfasttelegraph.co.uk/business/business-news/jobs-bloodbathrsquo-looms-in-northern-irelands-public-sector-14340252.html
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