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Gloucestershire Business News

One third expecting to make redundancies in coming months

One in three employers across the UK expect to make job cuts before the end of September according to new research.

The survey by recruiter Adecco and the Chartered Institute of Personnel and Development, which quizzed more than 2,000 employees, showed 33 per cent of them planned to make redundancies in the next quarter.

That was a 50 per cent rise on the figure three months ago with 38 per cent of public sector employers saying job cuts were on the cards.

There was a rise in those expecting to take on new people from 40 per cent to 49 per cent, but that remains below the figure in previous years.

CIPC advisor Gerwyn Davies described the results as "the weakest set of data we've seen for several years".

He said: "Until now, redundancies have been low - no doubt due to the Job Retention Scheme - but we expect to see more redundancies come through this autumn, especially in the private sector once the scheme closes.

"Hiring confidence is rising tentatively, but this probably won't be enough to offset the rise in redundancies and the number of new graduates and school leavers entering the labour market over the next few months."

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