Third of companies 'preparing to make staff redundant' in next three months

📆 2020-07-16 9:00 AM
📰 MetroUK

⏱ Reading Time:
27 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 82%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Those with more than 10 staff are most at risk

Almost one third of companies in the UK are preparing to lay-off staff and those with 10 or more workers are most at risk, a new report has shown.

It also demonstrated that those in bigger firms are more likely to be affected, with 41% of large or small and medium-sized companies making job cuts in the next quarter, compared to just 18% of mico-businesses.Only 25% of the companies polled were found to be looking to take on new hires during this period.

The threat of mass lay-offs comes as Boris Johnson is expected to unveil his new ‘containment framework’ on Friday, which aims to show employers and workers how the virus is being controlled in local areas.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK energy efficiency push offers just a third of the investment needed, says reportIPPR says 12m homes will need to be refitted to meet net-zero targets but £3bn earmarked is not nearly enough Let the owners of the property pay for it. Simple remedy. Nothing better than ruining potential long term benefit with half arse short term thinking & under resourcing. Are they working for the Chinese..?🧐 Not sure that it benefits the people who need it most either. Perhaps 100% of the cost for those on UC would be a better measure.
Source: The Guardian - 🏆 84. / 53 Read more »