Older employees are 'at risk' from job cuts

Man looking at papers

Older workers could face losing their jobs as the credit crunch takes effect, a report warns.

Predicted job losses could hit older employees hard, according to a report.

The Chartered Institute of Personnel and Development (CIPD) study suggested employers would choose to make those around retirement age redundant because it was easier.

Job loss levels across many sectors have been fairly controlled but economists are predicting jobless figures will reach two million by the end of the year.

The CIPD report concluded 26 per cent of companies were considering further cuts in the next 12 months on top of those already planned and 59 per cent of these firms were aiming for more within the next three months.

CIPD's chief economist John Philpott said: "The onset of recession is already putting jobs at risk but many more are in the firing line as employers consider their next move in a fast deteriorating economic situation."

Employees can help themselves remain employable by ensuring they have the right skills for the job, possibly through training.

learndirect courses are an ideal proposition for training while working as they can be fitted into any busy lifestyle.

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