So far, companies based in the UK mainly servicing the domestic market are faring better than companies relying on international markets, but a lack of confidence as unemployment increases could well lead to further redundancies. A report by the Centre for Economics and Business Research predicts unemployment rising by 400,000 over the next 18 months.
Today we begin a new series monitoring job losses - and gains - announced in Britain in the last week (numbers refer to map locations).
1 Cramlington, near Newcastle upon Tyne: 350 jobs at Wilkinson Sword
2 Cwmfelinfach, near Newport, South Wales: 200 jobs as German company Ninkaplast closes plastics factory
3 Peterhead, in north-east Scotland: 200 jobs to go. Tool- making firm Cleveland announces closure of factory
4 Longbridge, West Midlands: 7,000 car workers will be on short time or laid off until after Christmas at Rover when it begins a four-day week in November. Production will halt on 14 December
5 City of London: Daiwa Europe made 50 of its 623 staff redundant
6 City of London: Barclays due to lose 200 jobs over the next few weeks at Barclays Capital investment bank
7 Nationwide: Prudential to close 34 branches, making 300 insurance workers unemployed
8 Birmingham: Boots opening new store with 100 new jobs
9 Stansted, Essex: British Airways will add 200 new jobs to its low-cost airline Go in May next year