UK retail job losses: Fastest cuts since 2009, says CBI - Business Insider

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UK retail jobs have nearly halved over the past year, as job cuts reach their highest rate since 2009

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.UK employment in the retail sector is at just 55% of its August 2019 levels, according to the CBI. Jobs are being cut at their fastest rate since 2009 — and more pain is to come.But visitors are gradually returning to UK high streets and shopping centres, and retail sales are starting to rebound.

The drop in retail employment in the UK comes despite the government's Coronavirus Job Retention Scheme, which allows companies to temporarily lay off their staff with 80% of wages, claiming back the money from the government. to meet demand in online sales. It is expected that many of these jobs will be offered to temporary workers Tesco took on at the beginning of the pandemic.

 

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