Tuesday 14 October 2008

Britain to cut 10,000 public sector jobs

Britain is set to cut nearly 10,000 jobs from its Ministry of Justice as part of a fresh round of budget cuts to battle the tough economic
climate, The Times newspaper said on Tuesday.

The report said the government planned to make 900 million pounds ($1.58 billion) of savings at the department, which was created just 18 months ago. The job losses represent around a tenth of the division's workforce.

The Ministry of Justice could not immediately be reached for comment.

Source: EconomicTimes

No comments:

Post a Comment

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.