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Government cuts 'will create graduate opportunities' in outsourcing

Published: Wednesday, 13 October 2010   Category: All Graduate job news

The government's planned spending cuts will open up opportunities in the outsourcing sector, graduate job hunters have been informed.

Accountancy firm PricewaterhouseCoopers (PwC) claimed this week that the UK will lose half a million private sector jobs as a result of the cuts.

However, Jon Sibson, partner and head of public sector at PwC, explained that the outlook is not totally bleak for the country's university leavers.

"A sector likely to see growth opportunities from spending cuts is outsourcing, and not only in back-office services," he said.

"Government and public sector organisations will look to reduce their non-core and fixed cost operations by increasing the use of private and voluntary sector organisations for the delivery of front-line services."

PwC also claimed that London is likely to see the highest number of job losses of any region in the UK with 122,000, with Northern Ireland (36,000) experiencing the least.

Earlier this week, Barclays Corporate announced that it is redeveloping its graduate scheme.

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