Report warns of a cascade of job losses as coronavirus furlough scheme winds down
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More than a third of UK employers plan to make staff redundant over the next three months, according to research warning of a cascade of job losses caused by the coronavirus pandemic.
With a month to go until the end of the government furlough scheme on 31 October, 37% of more than 2,000 managers polled by YouGov said they were likely to make staff redundant by the end of the year. About 60% of the managers surveyed from larger businesses with more than 250 employees said their companies planned to make redundancies this year.
