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CBI: Public sector must follow private firms' lead PDF Print E-mail
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Latest Recruitment News - HR and Recruitment Legislation News
Written by DirectNews Feed   
Monday, 24 May 2010 00:00
CBI: Public sector must follow private firms' leadThe example set by the private sector in how to deal with widespread cuts should be followed by the public sector, a new report released today (May 24th) has stated.

Following chancellor George Osborne's announcement about how the new coalition government plans to cut public services' expenditure by more than £6 billion over the next year or so, the Confederation of British Industry (CBI) has said that by drawing on the experiences of the private sector, the public arena can avoid a "bloodbath in change".

While unveiling the Picking up the Pace survey, John Cridland, deputy director general of the CBI, said: "Drawing on the experience of the private sector in engaging employees during the recession to deliver much-needed change could help the public sector minimise the pain of spending cuts."

The study, which questioned 666 firms that employ more than ten per cent of the country's workforce in total, found that nine out of ten private companies changed their working patterns during the recession to help them cope with the necessary budget adjustments.

Posted by James Strang
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