Redundancy rate high despite economic performance

Almost 70
per cent of people have been made redundant or know someone personally who has,
a study reveals.

The report
by career consultancy Penna Sanders & Sidney concludes that redundancy is a
fact of working life in the UK.

It reveals
that over a quarter of 1,000 people interviewed in Edinburgh, Manchester,
Birmingham and London have been made redundant at least once themselves.

A similar
proportion have seen family members made redundant and a third knew friends
whose jobs had been cut.

Davis, director of Penna Sanders & Sidney, said, “The common perception is
that redundancy is synonymous with recession. Our experience is that in good
times when organisations are investing, merging, internationalising or
restructuring they are also likely to increase redundancies.”

By Ben

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