Buzz People

Firms planned 800,000 redundancies last year

British employers made plans to cut 795,000 jobs last year, a record number, as Covid lockdowns took their toll on the economy.
More than 10,000 firms planned job cuts, however the pace of planned cuts slowed at the end of the year.
Without the government's furlough scheme, designed to protect jobs, the numbers might have been higher still.
The figures were obtained in response to a BBC Freedom of Information request to the Insolvency Service.
Employers must notify the Insolvency Service when they plan to cut 20 or more jobs, giving an earlier indication of changes in the labour market than waiting for official joblessness statistics.
Register Now