CIPD: Double-dip recession could cause redundancies

Posted 17/05/2012

Members of staff at companies across the country may be under the threat of redundancy as a result of the news the UK has entered a double-dip recession.According to a new report by the Chartered Institute of Personnel and Development (CIPD), immediate jobs outlook has turned positive for the first time in more than a year, which has been driven down by a decrease in redundancy intentions.Gerwyn Davies, public policy adviser at the CIPD, pointed out that while this news is to be welcomed, some firms may have to reconsider their staffing levels as a result of the UK experiencing back-to-back quarters of negative growth.”The current economic situation facing recruiters looks unusually difficult to read, which may lead to swings in confidence for the rest of the year,” it was noted.Some 3,000 members of staff at Clinton Cards are going to be facing redundancy as a result of the news the company has entered administration, it was recently announced.Posted by Ross Strowger