More Job Cuts On Their Way

(Press Association) – MORE FIRMS ARE PLANNING TO MAKE WORKERS REDUNDANT this summer as the uncertain economic outlook forces ‘nervous’ employers to make cost savings, according to a new report.

The Chartered Institute of Personnel and Development (CIPD) said the number of Human Resources (HR) staff seeking advice on how to make people redundant had barely changed in recent months.

More than 5,000 calls were made to the institute’s helpline last month related to redundancy.

Dr John Philpott, the CIPD’s chief economist, said the figures were another sign that talk of green shoots of economic recovery was ‘premature.’

He added: ‘Our figures show that there is little or no sign of any redundancy let-up, even though the UK economy has appeared more stable in recent months.

‘With many HR professionals already familiar with the legal process, the continued high demand for redundancy advice might understate the number of redundancies about to be made this summer.

‘The uncertain economic outlook, coupled with concerns about credit supply, is forcing the nervous hand of employers to make job cuts — which are further job cuts in many cases.’

… (07/07/2009) – BCC Warns Against Complacency

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