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CBI: 46% UK firms would cut jobs or not hire in 12 months

UK CBI found in a survey that 51% of firms are expecting to maintain or increase their permanent recruitment in the coming 12 months. At the same time, 46% are planning to either reduce permanent recruitment of not recruit at all. The balance of +5% was sharply lower than +56% in the survey last ear.

Matthew Fell, CBI Chief UK Policy Director, said: “The UK labour market has been under heavy stress since the outset of the Covid-19 crisis and, although the economy has started to re-open, pressure on firms remains acute… We are seeing a two-speed recovery. While some firms are already looking at creating new jobs, most others are in survival mode.”

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