Blood on the streets - hardly
BBC NEWS | UK | 'Huge job cuts' for public sector
As many as 350,000 public sector jobs could be lost over the next five years, the Chartered Institute of Personnel and Development (CIPD) is warning.
Chief economist John Philpott says the recession will bring "a bloodbath in the public finances" which will force employers to slash their workforce.
This could lead to "guerrilla war" in the workplace, characterised by repeated strike action, he said...."One brake on this possibility may well be wider public opinion.
"Here sympathy will have been frayed by private sector job losses and pay freezes which will have touched many families, and further exacerbated by a growing awareness of the huge gulf between generous public sector pensions and private sector pension schemes that have been squeezed and in many cases closed."
He said it. With nearly 6 million directly employed public sector jobs this suggested cut is hardly a bloodbath, a 5% cut is mere prudence in the private sector, it is barely half way to decimation.