60% of London City workers 'would quit tomorrow'

Most City of London workers plan to quit their jobs within five years, mainly because of financial worries and fear of terrorism, according to a new report today.

Younger workers will lead the “exodus”, while older staff were least optimistic about jobs returning to the heart of the capital, the research found.

A survey of 400 workers by human resources consultants Chiumento showed that three out of five would resign tomorrow if they could, mainly to jobs outside London.

Fewer than one in 10 said they wanted to remain in their current post.

Terrorism was seen to be the next biggest threat for City workers, although many of those questioned said they also worried about pensions and other financial issues.

Chiumento managing director Richard Chiumento said: “The situation in the City is even worse than we anticipated. The stark reality is that City workers want out and that City jobs will never return on the same scale.

“This represents an even bigger challenge for employers in terms of re-engaging and motivating stayers, as well as helping those who chose to leave their City careers.

“Employers must think about the implications of a shrunken workforce, while employees need to consider their futures carefully.”