UK jobs outlook gloomiest in nearly 30 years amid Covid-19 pandemic

The outlook for jobs is the gloomiest in almost three decades, according to the latest employment survey by recruitment firm ManpowerGroup.

It found that companies in all big sectors of the economy are more likely to cut jobs than to hire people over the next three months, from July to September, the weakest forecast since records began in 1992.

The survey comes as companies prepare to start weaning themselves off the government’s furlough scheme, which covers the wage bill of almost 9 million workers.

Businesses are expected to announce a wave of redundancies in the coming weeks, as the government gradually reduces the support available through the scheme.

Redundancy consultations require between 30 and 45 days, depending on the number of staff affected, meaning companies deciding to cut jobs will have to start the process in the coming days.

Firms will have to decide whether they can afford to keep staff on furlough when they have to start contributing towards the cost of the government scheme or choose to make workers redundant.

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