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More than a quarter of UK firms cut staff as coronavirus strikes: ONS




More than a quarter of UK firms cut staff as coronavirus strikes: ONS

  • Update Time : Thursday, April 2, 2020
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More than a quarter of UK firms cut staff as coronavirus strikes: ONS
More than a quarter of UK firms cut staff as coronavirus strikes: ONS

MarketDeal24.Com – As per a survey published on Thursday, more than a quarter of British corporations have laid off employees due to the ongoing coronavirus pandemic.

“Over a quarter (27%) of responding businesses said they were reducing employee level in the short term, while 5% reported recruiting freshers in the short term,” the Office for National Statistics disclosed.

The survey was conducted over a sample of 3,642 different business ventures between March 9 and 22.

In another survey conducted by the British Chamber of Commerce, the situation is grimmer. According to their report, almost half of British businesses expected to temporarily lay off 50% or more of their workforce.

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