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.
Sally 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 Willmott