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CIPD: Private sector redundancy on the rise

CIPD: Private sector redundancy on the rise

An increasing number of professionals in the private sector may require expert employment advice in the near future.

That is if the findings of the latest Labour Market Outlook from the Chartered Institute of Personnel and Development (CIPD) are anything to go by, as this report has indicated that the coming months will be challenging for many firms.

Indeed, according to the research published today (February 13th), the opening quarter of 2012 will be the most difficult for the UK's jobs market since the height of the global economic downturn.

Based on the responses of more than 1,000 employers, the study revealed that the number of organisations looking to implement redundancies has gone up significantly since last autumn.

Gerwyn Davies - public policy adviser at the CIPD, which has more than 135,000 members globally - commented that employers are no longer in the "wait and see mode" of a few months ago.

"More private sector firms, particularly among private sector services firms, have decided to push the redundancy button in response to worsening economic news," he added.

Contact our employment solicitors on 0800 916 9060 or email if you would like advice on any employment matter.

Posted by Chris Stevenson