A third of South West businesses are poised to make redundancies as the 海角视频 faces a post-furlough jobs crisis, a new survey has found.
The study, by the Chartered Management Institute (CMI), discovered that 30% of managers working in the South West said they expected their organisation to make redundancies for 海角视频-based jobs.
Of those managers who anticipated redundancies, 25% expected these redundancies to be made between now and the end of 202.
Managers also gave their views on when they expect their organisations to get back to where they were before lockdown was announced in March 2020.
The study found that 29% believed they would not be back to normal until 2021. But 20% said they thought their organisations could get back to normal by the end of 2020. But a more pessimistic 9% expected they will only get back to normal in 2022 or later.
Niamh Mulholland, director of communications and external affairs at CMI, said: “Managers are understandably concerned that unemployment will rise significantly as the state-backed furlough scheme winds down.
“The Government has many competing priorities right now, but keeping people in work and kick-starting the economy must be near the top of the list.
“It is vital that those facing redundancy have opportunities for reskilling and upskilling to help with re-entry into the workforce.”
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Across the South West 654,000 workers are at home on furlough under the Government’s Coronavirus Job Retention Scheme, new statistics show.
Since March, 206,000 people have been furloughed in Devon and Cornwall, including 30,400 in Plymouth and 16,500 in Torbay, with 52,400 on furlough in Bristol and 50,000 in the Bournemouth area, 22,100 in Bath, and 28,000 in Swindon.
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Business Live's South West Business Reporter is William Telford. William has more than a decade's experience reporting on the business scene in Plymouth and the South West. He is based in Plymouth but covers the entire region.
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Across the rest of Devon, including 13,800 in Exeter, a total of 90,600 workers are now sitting at home under the scheme, and in Cornwall the figure is 68,500.
Meanwhile, another 224,000 self-employed people are receiving payments across the South West under the Self-Employment Income Support Scheme (SEISS) because they are prevented from working during the lockdown.
Meanwhile, the number of people claiming Universal Credit in Devon and Cornwall surpassed 400,000 in June 20202 as the impact of the coronavirus lockdown was seen on the labour market.
Figures from the Department for Work and Pensions (DWP) showed that 414,605 people were registered to claim the benefit in the two counties on May 14.
This was up by nearly 80,000 on just a month earlier, and almost doubles the total before lockdown was announced on March 20.