Redundancy

Prudential considers moving head office overseas

Insurance firm Prudential is thought to be considering moving its headquarters out of the UK to avoid EU capital rules coming into effect in 2014.

Employment increases by 60,000 but unemployment still at highest rate since 1995, finds ONS

The employment rate has risen 0.1% on the quarter and there are 29.13 million people in employment aged 16 and over, up 60,000 on the previous quarter, according to the Office for National Statistics.

Unemployment figures signal the toughest labour market since 1994

Unemployment has risen to 2.68 million, increasing by 118,000 between September and November 2011.

Employment figures could drop by 120,000 this year, CIPD's chief economic adviser predicts

The CIPD has forecast the number of people in work in the UK will fall by 120,000 in 2012 despite a continued ‘productivity pause’ and further real pay squeeze, with unemployment rising to 2.85...

Managers expect more redundancies in 2012 and fear for their own jobs, says CMI

More than two fifths of UK managers are expecting more redundancies in 2012 and over a third feel insecure in their own jobs, according to the annual end of year research from the Chartered Management...

Thomas Cook to close 200 'under-performing' branches following £398 million loss

Thomas Cook will close up to 200 of its 1,300 stores over the next two years as part of its “thorough review of the profitability of the UK business”.

CIPD: It will be a tough jobs market for both sexes as unemployment increases

While men benefited most during the initial post-recession jobs recovery in 2010, it’s been tough for both sexes in the 2011 jobs market and women have actually fared slightly better than men despite...

News

UK unemployment increases by 128,000 in Q3 to 2.64 million

There were 2.64 million unemployed people in the third quarter of 2011, up 128,000 on the previous three months quarter, findings from the Office of National Statistics revealed this morning.

Further redundancies are 'inevitable' as local councils struggle to cut staff costs, according to LGA and Audit Commission

Councils are finding many ways to cut the pay bill without losing jobs, but further redundancies are inevitable given the sheer scale of budget cuts that councils have been hit with.

Outplacement: Public sector employers could help with ‘career transition’, but private sector should shed its prejudices

The axe will fall on 600,000 UK public sector jobs by 2015, according to the CIPD.

UK unemployment to increase by 150,000 by the end of 2012, according to BCC

Total UK unemployment will increase from 2.62 million (8.3% of the workforce) in July-September 2011, to 2.77 million (8.7% of the workforce) in Q4 2012, a net increase of 150,000 in the jobless...

Employers freeze plans both to hire and make redundancies in light of continuing economic uncertainty, CIPD reports

UK employers are scaling back on all employment-related operations, with fewer organisations planning to offshore jobs abroad and recruit overseas workers against a backdrop of less recruitment and...