News Alerts

Recession to Force More Redundancies

David McRae
14th Aug 2009

On Wednesday, the Office of National Statistics Labour Market Report published that unemployment in the UK has risen to 2.43 million.

 

The statistics show that the number of redundancies in the three months up to June 2009 was 277,000, which was down 9,000 over the quarter but up 150,000 over the year.

 

It will not come as breaking news that businesses continue to experience difficult trading conditions in the current recession and that many, if not most, have had to look to control or reduce their cost base. Among the measures that companies may have taken, or may be considering, is the possibility of making redundancies.

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