CIPD: More redundancies on the way |
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| Management | |
| Written by Paul Williams | |
| Thursday, 02 July 2009 | |
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‘RedundancyWatch’ highlights that redundancies are set to continue to add to UK economic woes.
New data from the Chartered Institute of Personnel and Development (CIPD) shows that the proportion of HR professionals seeking advice on redundancy in the second quarter has barely changed compared with the first quarter of 2009, suggesting that yet more employers are preparing to make staff redundant this summer. Dr John Philpott, Chief Economist and Public Policy Director, CIPD, is speaking at today’s CIPD Employment Law conference on the subject of restructuring and downsizing. He points out that the helpline statistics are another sign that talk of green shoots is premature: “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.”
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