Job creation and losses

Around 1,500 steelworkers at Tata plants in Port Talbot and Newport Llanwern have voted in favour of industrial action.

Starting salaries rose at their slowest rate for over three years, according to the UK report on jobs for March 2024.

Network Rail will recruit an extra 400 engineers to combat climate change effects. It will also convert staff into ‘amateur meteorologists’.

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.

Employer demand for temps has risen amid concerns about the UK economy.

The UK government faces a 'sliding doors' moment and must act now to avoid an AI 'jobs apocalypse', according to the IPPR.

The Co-operative Bank has announced 400 job losses, affecting around 12% of its workforce. Redundancies are expected by the end of August.

Ted Baker is set to go into administration, putting hundreds of jobs at risk of redundancy.

Unilever could cut headcount by 7,500 in plans to sell off its ice cream business, the chief executive has said.

Unions have criticised Tata Steel's decision to close its coke ovens at Port Talbot steelworks months earlier than expected.

Continued labour shortages caused by a ‘smaller active workforce’ and skills shortages were behind a much lower number of job postings in February.

Metro Bank has announced 1,000 job losses, with affected staff leaving in April 2024. Seven-day opening will also end.

The youth economic inactivity rate continues to rise significantly, unlike other age groups, according to the ONS.

Octopus Energy expects to create up to 4,000 jobs this year, launching a same-day hiring festival to quickly onboard talent.

Recruitment activity has continued to weaken, a pulse check of the UK’s job market taken during February has found.