UK headed for autumn job losses as third of businesses expect cuts

Coronavirus closed sign

One in three UK businesses expect to make job cuts by October, according to a new poll that shows the effects of the coronavirus on the economy are beginning to accelerate.

Around 33% of more than 2,000 businesses surveyed said they expect to make redundancies in the third quarter of this year, according to figures from the Chartered Institute of Personnel and Development (CIPD) and Adecco Group, a staffing company.

The survey suggests that the UK is likely to experience a spike in job losses as the government’s coronavirus job retention furlough scheme is withdrawn. 

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.