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Showing posts with the label Britain.

News | Business | Britain: Nearly 500,000 redundancies planned in Covid crisis

  5-6 minutes - Source: BBC Image copyright Getty Images British employers planned 58,000 redundancies in August, taking the total to 498,000 for the first five months of the Covid crisis. Some 966 separate employers told the government of plans to cut 20 or more jobs, compared with 214 last August, a more than fourfold increase. However, the figures were down from the levels seen in June and July, which both saw 150,000 job cuts planned. The figures were released to the BBC after a freedom of information request. Employers planning 20 or more redundancies HR1 forms submitted The economy bounced back in the summer after the unprecedented economic downturn earlier in the year, as workers were urged to return to the office, and customers encouraged to

News | Business | The Economy | Britain: Jobs 'crisis' twice as bad as previous recession

Ben King  5-6 minutes - Source: BBC Image copyright Getty Images Image caption A number of household names have announced redundancy plans since the pandemic began Employers in Britain are planning more than twice as many redundancies than they did at the height of the last recession, new figures show. About 180,000 job cuts were planned from January to March 2009, while 380,000 were planned from May to July this year. Completed redundancies could reach 735,000 this autumn, researchers say. The figures were obtained by an Institute for Employment Studies (IES) Freedom of Information request. Social distancing measures to prevent the spread of Covid-19 brought large parts of th