The media and publishing sector will be forced to lay off more workers in the final quarter of this year than any other industry, according to a report out this week.
The recruitment group Reed surveyed 800 UK companies across the board and found that the number planning to downsize had fallen from 10% in 2001 to 7% this year. However, approximately 13% of firms within media and publishing admitted that they planned to make redundancies.
The industry has been hit by the ongoing advertising recession and with marketers likely to cut spending further, the latest IPA Bellwether Report indicated that the situation is likely to deteriorate before it improves (see IPA Report Dampens Hopes Of Early Recovery).
