Jobs in Jersey are being shed as the world recession starts to bite.

Since the beginning of the year, companies have been contacting the Jersey advisory and conciliation service daily to ask for advice on how to comply with laws governing staff layoffs.

The inquiries have come from businesses in finance, retail and construction, and look likely to increase.

Meanwhile, a senior banker, UBS Jersey managing director Hans Baerlocher, has predicted that about 500 jobs are likely to be shed as finance businesses cut back on staff numbers. And a leading builder, Mike Hocquard of Pentagon Builders