Half of managers expect to implement redundancy in 2011

Posted 17/12/2010

New research carried out by the Chartered Management Institute (CMI) has revealed that nearly half (48 per cent) of UK managers expect to have to implement more redundancy in 2011.

The Future Forecast shows that 43 per cent of respondents believe this may leave their companies struggling to fulfil business objectives.

Furthermore, 86 per cent of managers in public sector positions said they predict redundancies within their companies next year, with 60 per cent admitting they feel insecure in their own jobs.

However, only 29 per cent said they feel well-equipped enough to deal with letting people go.

Ruth Spellman, CMI chief executive, said many people expected that 2010 would see an economic improvement reflected in workplaces.

“Sadly, it’s evident that this year has been one of the most difficult UK managers have ever had to face,” she added.

In September, the Protection Gap survey from Abbey Legal Protection found that 31 per cent of workers fear losing their jobs due to cutbacks.