28/11/2008

Quarter Of Workers Fear Pay-Off

Ireland is in turmoil with over a quarter of workers fearful that they are about to lose their jobs.

A new survey - an Ipsos Mori poll - just published by top newspaper, the Irish Independent, reveals that consumers' confidence in their personal finances is at its lowest level since the survey was first conducted in 1999.

While one in five thinks their personal financial circumstances will worsen in the next year the number of people who fear redundancy in the private sector is likely to be even higher as the survey did not distinguish between public and private sector workers.

Younger people are more insecure about their jobs than older workers, according to the survey conducted among 1,500 people between July and September shows.

More than a third of those aged between 16 and 24 are concerned about the possibility of being made redundant.

Almost three-quarters of people think their general economic circumstances will worsen in the next year.

The gap between those thinking their personal financial circumstances will get better and those thinking they are going to worsen is now the narrowest since they started measuring it in 1999.

Older people are particularly concerned about their personal standard of living.

Just 8% of those over the age of 60 think their personal economic circumstances will improve by December 2009.

(BMcC/KMcA)

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