Credit Crunch Hitting Workforces

Daily PostMay 22, 2008

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Summary


EMPLOYMENT intentions among UK businesses hit their lowest level in at least 11 years last month, according to a Bank of England report.

The Bank found firms are reducing their workforces, cutting employee work hours and turning to temporary staff as they start to feel the direct impact of the credit crunch.

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Extract


Credit Crunch Hitting Workforces

The monthly survey by the Bank's regional agents - includin...

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