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Companies plan to delete the British financial sector jobs at a rapid pace as a result ofworsening crisis of sovereign debt in the euro area, which has shaken confidence in the last three months of last year, according to a survey released today.
This approach to cost-cutting comes despite the improvement in the volume of economic activity and increased profits during the last quarter of the financial sector, according to a poll conducted by CNN. Me. Any - the largest bloc to defend the interests of companiesoperating in the sector - in cooperation with the Office of Audit PricewaterhouseCoopers.
He says chief economic adviser to the AC. Me. Mccaffrta any entity that financial sector companies have become less optimistic and employ fewer, he said, adding that there aregrowing concerns of the sector and the opportunities available to funding constraints.
Mccaffrta and adds that banks, insurance companies and asset management in Britain is planning to remove 11 thousand additional jobs during the first quarter of 2012, which exceeds what cropped in the last quarter and is estimated at nine thousand jobs.
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Companies plan to delete the British financial sector jobs at a rapid pace as a result ofworsening crisis of sovereign debt in the euro area, which has shaken confidence in the last three months of last year, according to a survey released today.This approach to cost-cutting comes despite the improvement in the volume of economic activity and increased profits during the last quarter of the financial sector, according to a poll conducted by CNN. Me. Any - the largest bloc to defend the interests of companiesoperating in the sector - in cooperation with the Office of Audit PricewaterhouseCoopers.
He says chief economic adviser to the AC. Me. Mccaffrta any entity that financial sector companies have become less optimistic and employ fewer, he said, adding that there aregrowing concerns of the sector and the opportunities available to funding constraints.
Mccaffrta and adds that banks, insurance companies and asset management in Britain is planning to remove 11 thousand additional jobs during the first quarter of 2012, which exceeds what cropped in the last quarter and is estimated at nine thousand jobs.
Financial district
According to official statistics that the financial sector reduced the number of jobsavailable to him by 81 thousand between 2008 and the end of the third quarter of 2011. He concluded a separate report that the number of vacancies in the financial district in Londonin 2011 decreased by 8% compared to 2010.
The decline in employment in the financial sector over the last month of 43% over the same month of 2010, according to an employment agency in Britain, the rate ofcandidates for each job sector in 2011 was three to two in 2010.
The profits of investment banks hit hard by the turmoil resulting from the crisis in the euro area, which is paid to the deletion of nearly 130 thousand jobs last year, according tostatistics of the Reuters news agency.
She said 13% of financial firms participating in the survey they had reduced the number of employees in the last quarter of 2011, and 18% of companies plan to delete jobs in thenext three months.
She said 29% of the participating companies it will invest less in real estate and buildings,and 10% reduced its budget for advertising, the first decline in the latter for more than two years.
Source: Reuters
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