Fears of a “job layoff” are developing amid warnings, with a third of companies making plans to say goodbye this fall.
Impact studies have shown that many corporations expect to eliminate their roles in the third quarter of the year as the coronavirus hits the economy.
Most cuts are expected to come from hotel corporations such as hotels, restaurants and cafes, as well as from retail establishments that were already at the breaking point of the pandemic.
The hit emerged in a survey carried out by the Chartered Institute of Personnel and Development (CIPD) with recruiter the Adecco Group.
Labour demanded the government ditches plans to scrap the furlough scheme entirely from October, forcing employers to take on the full costs of staff wages again.
Meanwhile, figures released this week show that the UK has officially entered recession, with a quarter of the GDP contraction. And official knowledge of the task is scheduled for tomorrow.
The number of that cut 20 or more positions in June, five times higher than last year to 1,778. Pictured: photo of a disappointed businessman
This week’s GDP figures show that the UK has entered a technical recession, with two consecutive quarters of contraction. Bank of England predicts recession will be worse in a hundred years (illustrated chart)
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Edited through Associated Newspapers Ltd
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