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Belgium — Economic crisis expected to last for another 27 months

17 September 2009

According to new research carried out among 3,000 workers across the country by SD Worx, the Antwerp-based human resources group, one in three Belgians is worried about losing his job due to the economic crisis.

In the French-speaking south of the country (Wallonia) workers pessimistically believe that the economic crisis will continue for another 35 months. In the Dutch- speaking north of the country workers were more optimistic, believing that the economic crisis will last for another 23 months. Top management estimates on average that the economic crisis will last for 10 months longer than middle and lower management predictions.


42% of private sector workers are concerned about losing their jobs compared to only 18% in the private sector. The most concerned groups are single workers (35%), workers aged between 40-49 (37%) and people who work in small and medium-sized companies (45.7%).

76% of Belgians believe that it is difficult to find a new job at the moment. This figure rises to 91% among the above 45 year olds.

On the other hand, 76% of Belgians state that the economic crisis has had no financial impact on them. Only 13% say that their salary package has been reduced.

 

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