Tata Steel has threatened to withhold an enhanced redundancy package if employees go on strike.
Job creation and losses
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Unemployment and economic inactivity both increased at the beginning of this year, April 2024 labour market figures show.
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Around 1,500 steelworkers at Tata plants in Port Talbot and Newport Llanwern have voted in favour of industrial action.
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Starting salaries rose at their slowest rate for over three years, according to the UK report on jobs for March 2024.
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Network Rail will recruit an extra 400 engineers to combat climate change effects. It will also convert staff into ‘amateur meteorologists’.
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The Mayor of London Sadiq Khan has launched a plan to create 150,000 jobs in the capital in key growth areas including artificial intelligence.
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Employer demand for temps has risen amid concerns about the UK economy.
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The UK government faces a 'sliding doors' moment and must act now to avoid an AI 'jobs apocalypse', according to the IPPR.
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The Co-operative Bank has announced 400 job losses, affecting around 12% of its workforce. Redundancies are expected by the end of August.
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Ted Baker is set to go into administration, putting hundreds of jobs at risk of redundancy.
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Unilever could cut headcount by 7,500 in plans to sell off its ice cream business, the chief executive has said.
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Unions have criticised Tata Steel's decision to close its coke ovens at Port Talbot steelworks months earlier than expected.
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Continued labour shortages caused by a ‘smaller active workforce’ and skills shortages were behind a much lower number of job postings in February.
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Metro Bank has announced 1,000 job losses, with affected staff leaving in April 2024. Seven-day opening will also end.
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The youth economic inactivity rate continues to rise significantly, unlike other age groups, according to the ONS.