Overcast

Overcast

max temp: 10°C

min temp: 3°C

Search

UK: 3.7million made redundant since 2008 recession

08:46 20 February 2013

Latest figures show a fall in jobseekers' allowance claimants across the UK

Latest figures show a fall in jobseekers' allowance claimants across the UK

Around 3.7 million people have been made redundant since the recession in 2008 - one in seven of all employees - according to a new study.

Almost two-thirds of those losing their jobs were men, with most redundancies reported in 2009.

The last two years have been the worst for women losing their jobs, reflecting public sector spending cuts, said The Jobs Economist consultancy.

The research, published ahead of the latest unemployment figures today, showed that redundancy rates since 2008 have generally been lower than in the late 1990s and early 2000s.

The redundancy rate has fallen back in recent years and shows no sign of rising substantially above pre-recession levels, said the report.

Dr John Philpott, director of The Jobs Economist, said: “The observation that what might be called the UK’s normal redundancy rate fell well before the recession suggests that the lower-than- expected level of redundancies in recent years, which is often partly attributed to more co-operative employment relations and pay restraint triggered by the financial crisis, labour hoarding by employers, or zombie companies kept alive by very low interest rates, is in fact symptomatic of a longer-term structural change in the economic and business climate which has resulted in a lower propensity to make staff redundant.”

Last month’s unemployment figures showed a 37,000 fall in the quarter to November to 2.49 million.

Search hundreds of local jobs at Jobs24

0 comments

John Lewis is axing nearly 400 jobs across its restaurants and home fittings service as it grapples with the acute pressures facing the retail sector.

North Street in Sudbury is to lose its Argos and Poundland stores in quick succession.

Flavour and fragrance solutions company Treatt today signalled that profits for its current financial year are now likely to come in “substantially” ahead of previous expectations.

By day Darren Hills is a café kitchen cook in Adnam’s flagship store on Drayman Square in Southwold.

But in his spare time the 25-year old serves as a special constable in Halesworth and Lowestoft, patrolling the streets at night, attending traffic accidents and investigating crimes. Last year, he clocked up more than 350 hours volunteering as a ‘’special”.

Infection and contamination control products group Tristel has reported increased first half revenues and profits, with growth running ahead of management expectations.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24