Nissan is slashing 9,000 jobs globally while its chief executive has taken a 50% pay cut in a bid to curb its losses.
Labour market
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‘Positive movements in national living wage and so on are fantastic news stories for the worker; however, they come at a huge cost to employers’
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A 6.7% hike in the national living wage for 2025 has been confirmed ahead of the Budget, while the national minimum wage rises by 16.3%.
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New ONS figures show that the median weekly wage for full-time employees was £728 in April 2024; the TUC says this shows a rise of only 0.3% since 2010
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Hiring intentions among UK firms increase slightly in October, despite a dip in business confidence ahead of tomorrow’s Budget.
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Next week’s Budget must avoid imposing fresh costs on business in the wake of the Employment Rights Bill, the Recruitment and Employment Confederation has warned.
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Government launches consultation on how reforms around zero-hours contracts should apply to agency workers.
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Employment Rights Bill could cost business £7.4bn over 10 years as government publishes impact assessment and four consultations.
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An EU-UK Youth Mobility Scheme is an opportunity to address labour shortages and help the reset of post-Brexit relations.
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Robert Walters slashes more than 700 jobs in the past year and 159 in the last three months due to falling job vacancies.
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New official data suggests a mixed picture for the UK’s labour market, with employment down on the previous month
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More than one in five people with neurodivergent conditions are not in employment, research commissioned by Heston Blumenthal OBE reveals.
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September saw a further fall in the number of permanent staff placements, new figures show, as businesses await the new UK government's first Budget.
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A tightening UK jobs market saw competition for new roles reach a three-year peak in August.
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The Home Office has issued further details of how it intends to reduce the flow of migrant workers into the UK.