People

One in three employers plan on making redundancies in next three months

business-3152586_1280
One in three (33%) of UK employers “expect to cut jobs over the next three months” according to new market research from the Chartered Institute of Personnel and Development (CIPD). In partnership with the Adecco Group UK & Ireland, CIPD found in its quarterly Labour Market Outlook that exactly one third of employers intend to make redundancies in the next three-month period. This number has shown a steep increase of 11% since the last quarter. This comes alongside very little chance of pay rises, irrespective of industry or position, with 40% of firms expecting to freeze pay for at least
read more