Firms Plan Job Cuts As Employment Costs Rise

[naomi24]

https://www.bbc.co.uk/news/articles/ckg7gewqevqo

 

It had to happen.

[ToraToraTora]

If only that could have been predicted.....😉

[nicebloke1]

Aldi crying out for staff due to their massive expansion plans, paying above the min wage. :0)

[naomi24]

With unemployment looming, they'll have plenty to choose from soon, nicebloke - and the rest will have nowhere to go.

[nicebloke1]

One door closes another one opens always.

[naomi24]

Acknowledging reality isn't your forte, nicebloke.

[nicebloke1]

Caution, due to low response from survey. Next dont seem to concerned, still turning over in the billion area.

[naomi24]

This is what Next has to say about it, Nicebloke.

 

//Tax changes announced in the Budget could make it "harder for people to enter the workforce", according to the boss of retail giant Next....He called on the government to stagger the tax changes over time, rather than introduce them in April, otherwise jobs or hours would have to be cut.//

 

https://www.bbc.co.uk/news/articles/cvgem592310o

 

 

[Khandro]

The excellent firm of Brompton Folding Bikes - a truly great British product, has had to cancel its planned expansion into new, larger premises because of the hammering they are getting from the increases in NI contributions.  Just as they were starting to grow back to strength again after the covid setbacks which had produced a decline in sales. 

[davebro3]

an aside for NB:

"to" is directional - e.g. going TO the shops.

"too" is more than enough/overly - e.g. he was TOO enthusiastic about the new government.

[Untitled]

the number of job vacancies in the UK economy has been shrinking for about two years if i remember right

[naomi24]

^Much more to come.

[youngmafbog]

Large companies (and charities) started freezing positions immediately it was announced.  Now we will see the actual losses take place.  

Some of the larger mayb be abe to accomodate the loss, or fire DEI managers so no loss, but small to medium companies (the largest sector in the UK) will inevitably have to reduce the workforce or increase costs to the purchaser. Or both.

The worst budget ever is about to kick in, hold onto the sides folks its going to be a bumpy ride.

[youngmafbog]

Yes Naomi but job vacancy numbers dont really mean too much on thier own.  If for instance people stay put then less job vacancies. Need to look at them in realtion to the unemplyment numbers and according to the ONS 

"The number of unemployed people per vacancy was 1.9 in October to December 2024, up by 0.1 from 1.8 in the previous quarter (July to September 2024)."