Job cuts expected by more than 50% of UK companies

Just over half of firms (51%) in the UK are considering job cuts, reports the latest British Chambers of Commerce (BCC) Monthly Business Survey, published today.

The results from 450 companies across the UK also confirm that demand remains low, with not a single business reporting that they will increase stock holdings over the next three months.

However, the report also identified that 20% of UK businesses see growth returning to the UK economy by the end of 2009, while half are more uncertain and do not see growth returning until the first half of 2010.

Comments are closed.