Report: Scotland financial services sector set to suffer more job losses
A report in today's Daily Telegraph claims 16,500 people will have lost their jobs in the financial services sector over 2009 and 2010
The Daily Telegraph has cited a warning from the Fraser of Allander Institute that one in seven of Scotland's 90,000 financial services sector jobs will be lost by the end of the year. 4000 jobs were lost in 2009. The institute cited a weak recovery of output increasing 06% (Gross Value Added) but warned of the possibility of a double dip recession which would mean substantially more job losses.
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