If not how will these all affect you and your company? Each layoff means one more person if not family that cannot afford to buy new products. They may even have to declare bankruptcy and hurt the Canadian economy harder as they will have sink the banks and credit card companies while lowering their disposable income. By that I mean many of them will not be able to get proper housing, cars and jobs because of the bad debt the economy forced on usually financially stable people..
From managers to front-line workers, a quarter of Canadians fret they'll lose their jobs as the recession deepens, a survey showed Monday.
About 24 per cent of Canadian employees have the job jitters, with workers in the private sector especially concerned, according to Ipsos Reid's better workplace syndicated study, based on an online poll of 1,100 employees last month.
The angst comes as the economy continues to shed jobs. Canadian employers cut 129,000 jobs last month, the sharpest monthly plunge on record, Statistics Canada said Friday. Economists expect the jobless rate, now at a four-year high of 7.2 per cent, to climb further this year.
“We're seeing concerns throughout all levels of the organizational structure,” said JB Aloy, employee researcher at Ipsos. “From managers, to technical specialists, to workers on the floor, there is a great concern across all career streams about what this crisis means for their job.”
When asked how worried people are that they may lose their job or be laid off this year because of economic woes, a quarter of respondents said they were very or somewhat concerned.
Public-sector workers were less concerned about job security. Just 14 per cent are worried their jobs are in jeopardy, compared with 27 per cent in the private sector. The manufacturing sector is the most anxious, with 40 per cent of employees concerned about job cutbacks and losses, the study said.