CIPD: one fifth plan redundancies

More than a fifth of employers polled are planning to make redundancies, according to the latest Labour Market Outlook survey from the CIPD (Chartered Institute of Personnel and Development) and Adecco Group.

The report found that employment intentions have “declined significantly over the past three months”. When asked, almost half (49%) said they will maintain total staff levels.

Nineteen % said that they will increase staff levels, while just over a fifth (22%) said the intention is to decrease staff levels. This is an increase of 11% over the winter 2019/20 survey.

The number of employers planning to hire more staff has fallen to its lowest level since the surveys began in 2005. Just 40% plan to increase numbers in the three months to July 2020.

https://www.cipd.co.uk/knowledge/work/trends/labour-market-outlook