UK faces pre-Christmas slump on back of new Covid restrictions

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Sumary of UK faces pre-Christmas slump on back of new Covid restrictions:

  • A separate study by the Chartered Institute of Personnel and Development and the recruitment firm Adecco showed almost a third of UK companies plan to make redundancies over the final months of the year..
  • Although job losses are expected to rise, the survey of more than 1,000 human resources managers suggested the economy outlook was more resilient than during the first wave of Covid-19..
  • With more companies expected to remain open and after firms have already cut significant numbers of jobs, the CIPD and Adecco said 30% of firms expected to make redundancies in the final months of 2020, down from 33% in the summer….

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