Up to 350,000 nurses and other public sector workers could loose their jobs over the next five years, according a new report by the Chartered Institute of Personnel and Development.
The Institute’s chief economist John Philpott warned that the recession would bring a ‘bloodbath in public finances’ which would force employers to cut their workforce.
‘The public sector has yet to feel the full impact of the recession, and the resultant bloodbath in the public finances,’ he said.
‘The CIPD’s current estimate is that the fiscal squeeze implied by government plans will result in a total of 350,000 job cuts in the public sector overall between 2010-11 and 2014-15.
He said that the greater job security and relative generous pay and pensions packages enjoyed by nurses and other public sector workers would soon be a thing of the past.
The institute is also warning that there could be a dramatic increase in industrial action.
‘As a result the coming era of public sector austerity might not only witness large scale job cuts, but also an ongoing ‘workplace guerrilla war’ marked by waves of major public sector strikes and regular bouts of unrest,’ Mr Philpott said.
Will nurse jobs be cut in the recession?