Menu
18/12/2001
Majority of UK businesses expect to downsize in 2002
The 11th annual UPS Europe Business Monitor survey of 1,500 top European executives has revealed that over a third of UK businesses predict they will downsize in 2002.
As the first sizeable survey of European business leaders since September 11, UK, German and Belgian business leaders also expect more redundancy notices than recruitment drives next year.
Just as business leaders have reported poorer company performance and revised downwards their levels of optimism for the future, so workforce predictions across Europe look gloomy.
Half of the business leaders surveyed may expect that their workforce remains the same but only 18 per cent believe they will take on staff, as opposed to 30 per cent who believe that their company will downsize at some stage next year.
With the exception of Spain, workforces are expected contract rather than expand.
The UK's business leaders are joined in their pessimism by both Germany and Belgium as the countries with unhappy outlooks for workforce levels in 2002.
UK predictions are more pessimistic than this time last year when results suggested that a small balance of companies would increase their workforce. The 2001 figures appear more in line with the reported corporate performance levels and suggest a move into negative performance.
The balance of UK business leaders are also expecting their workforce to decrease. (MB)
As the first sizeable survey of European business leaders since September 11, UK, German and Belgian business leaders also expect more redundancy notices than recruitment drives next year.
Just as business leaders have reported poorer company performance and revised downwards their levels of optimism for the future, so workforce predictions across Europe look gloomy.
Half of the business leaders surveyed may expect that their workforce remains the same but only 18 per cent believe they will take on staff, as opposed to 30 per cent who believe that their company will downsize at some stage next year.
With the exception of Spain, workforces are expected contract rather than expand.
The UK's business leaders are joined in their pessimism by both Germany and Belgium as the countries with unhappy outlooks for workforce levels in 2002.
UK predictions are more pessimistic than this time last year when results suggested that a small balance of companies would increase their workforce. The 2001 figures appear more in line with the reported corporate performance levels and suggest a move into negative performance.
The balance of UK business leaders are also expecting their workforce to decrease. (MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
24 August 2016
Clinton Institute Announces Business Leaders Courses
The William J Clinton Leadership Institute at Queen's University has announced its next series of open courses to run from September until November, 2016. The Institute at Riddel Hall brings world class facilities, leading academics and industry experts together to deliver a high end portfolio of executive education and leadership programmes.
Clinton Institute Announces Business Leaders Courses
The William J Clinton Leadership Institute at Queen's University has announced its next series of open courses to run from September until November, 2016. The Institute at Riddel Hall brings world class facilities, leading academics and industry experts together to deliver a high end portfolio of executive education and leadership programmes.
02 February 2004
10% of UK workforce is incompetent: survey
Britain's employers believe that 10% of their staff – or around 2.4 million of the working population – are incompetent, according to a survey commissioned by the Learning and Skills Council (LSC).
10% of UK workforce is incompetent: survey
Britain's employers believe that 10% of their staff – or around 2.4 million of the working population – are incompetent, according to a survey commissioned by the Learning and Skills Council (LSC).
30 November 2001
Survey suggests the return of consumer confidence
A new report from the European Commission has suggested that consumer confidence is experiencing an upswing despite the adverse economic conditions that have followed the events of 11 September.
Survey suggests the return of consumer confidence
A new report from the European Commission has suggested that consumer confidence is experiencing an upswing despite the adverse economic conditions that have followed the events of 11 September.
13 November 2019
Global AI Leaders To Unite In Belfast
Global leaders on Artificial Intelligence (AI) are set to meet in Northern Ireland to discuss key technological advances and how they might change the modern world. The inaugural AICON conference will take place in The Europa Hotel in Belfast on Thursday 28 November, 2019, bringing together professionals from a host of leading firms.
Global AI Leaders To Unite In Belfast
Global leaders on Artificial Intelligence (AI) are set to meet in Northern Ireland to discuss key technological advances and how they might change the modern world. The inaugural AICON conference will take place in The Europa Hotel in Belfast on Thursday 28 November, 2019, bringing together professionals from a host of leading firms.
16 November 2016
Business Leaders Programme Announced For February 2017
The William J Clinton Leadership Institute at Queen's University Belfast have announced a programme of events for February 2017.
Business Leaders Programme Announced For February 2017
The William J Clinton Leadership Institute at Queen's University Belfast have announced a programme of events for February 2017.
-
Northern Ireland WeatherToday:A cloudy day with outbreaks of mainly light rain at times, although there may be the odd heavier burst. Driest in the south and east during the afternoon. Moderate southwesterly winds. Maximum temperature 11 °C.Tonight:Staying cloudy throughout the evening and overnight period with a little rain or drizzle at times. Mild overnight with light winds. Minimum temperature 7 °C.
