Unemployment is at a 12 year high and rising faster than at any time since the 1980s.
While some employers are making positions redundant, others are asking employees to make financial sacrifices in order to keep their jobs.
This week British Airways has asked more than 30,000 employees to consider working for nothing or take unpaid leave for up to one month to help the company through tough times.
Do you have to give in to your employers demands and how can you safeguard your longer term employment benefits and pensions?
We were joined by Siân Keall, employment partner at Travers Smith and Malcolm McClean, chief executive of the Pensions Advisory Service.