Report predicts 90,000 jobs to go over 12 months

Streams of job losses now being announced by UK companies may just be the tip of the iceberg, according to a new survey which is predicting over 90,000 jobs will go next year at the UK's top 1000 quoted companies. Plimsoll Portfolio Analysis has conducted a review of the financial performance of every company in the top 1000 quoted firms, however, the research suggests at least 271 firms may be in serious financial distress and approximately 92,114 jobs will have to go within the next 12-18 months. Findings reveal there are far more fundamental "business" reasons for these job losses ...