UK’s autumn Covid-19 redundancies could exceed 700,000

Analysis by Institute for Employment Studies shows figure for 2020 may top 1m

Close to half a million redundancies are likely to be announced in the autumn, although the number could end up exceeding 700,000, according to a study that lays bare the scale of the Covid-19 jobs crisis facing the UK.

These job cuts are on top of 240,000 redundancies officially recorded by the government up until June. That means the total redundancy figure for 2020 could top one million.

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