Just a week after one cabinet minister warned The Independent of an impending unemployment "bloodbath", the Chartered Institute of Personnel and Development (CIPD) is predicting that as many as 600,000 staff face redundancy in 2009 alone, taking the unemployment total to 2.8 million.Next year's forecast - combined with the number of positions already lost and those expected to go in 2010 - adds up to a grim total, according to John Philpott, the CIPD's chief economist. "The period from mid-2008 until the end of 2009 will witness the loss of around three quarters of a million jobs," he said. "Assuming the economy bottoms out in the second half of 2009, job losses are likely to continue into 2010, in all probability taking the final toll of lost jobs to around 1 million."
Just a week after one cabinet minister warned The Independent of an impending unemployment "bloodbath", the Chartered Institute of Personnel and Development (CIPD) is predicting that as many as 600,000 staff face redundancy in 2009 alone, taking the unemployment total to 2.8 million.
Next year's forecast - combined with the number of positions already lost and those expected to go in 2010 - adds up to a grim total, according to John Philpott, the CIPD's chief economist. "The period from mid-2008 until the end of 2009 will witness the loss of around three quarters of a million jobs," he said. "Assuming the economy bottoms out in the second half of 2009, job losses are likely to continue into 2010, in all probability taking the final toll of lost jobs to around 1 million."
Childrenswear retailer Adams today confirmed it was poised to go into administration after a creditor began proceedings against it.The 75-year-old company - which makes clothes for Boots and has its own-brand Adams children's stores - said a secured creditor had entered an application to appoint administrators.... In a statement Adams said: "The downturn in the high street retail market and the general tightening of the financial markets has adversely affected the financial position of the group." Adams' woes come hard on the heels of the collapse of tea and coffee merchant, Whittard of Chelsea, music chain Zavvi and menswear retailer The Officers Club, which all fell into administration in the days before Christmas. Both The Officers Club and Whittard were subsequently sold.
Childrenswear retailer Adams today confirmed it was poised to go into administration after a creditor began proceedings against it.
The 75-year-old company - which makes clothes for Boots and has its own-brand Adams children's stores - said a secured creditor had entered an application to appoint administrators.
... In a statement Adams said: "The downturn in the high street retail market and the general tightening of the financial markets has adversely affected the financial position of the group."
Adams' woes come hard on the heels of the collapse of tea and coffee merchant, Whittard of Chelsea, music chain Zavvi and menswear retailer The Officers Club, which all fell into administration in the days before Christmas. Both The Officers Club and Whittard were subsequently sold.
