The number of UK firms planning to make staff redundant has fallen, according to a report from the Chartered Institute of Personnel and Development (CIPD).
CIPD surveyed more than 700 employers, covering all sectors of the economy, for the latest edition of its Labour Market Outlook (LMO). Firms confirmed they will not be cutting jobs as quickly as before. However, the report also suggests reduced demand and lower hiring levels means it is unlikely the labour market is close to returning to proper health, as the UK remains mired in the worst recession ever recorded. The LMO identified reduced working hours and lower-than-average pay rises as further indication of weak overall demand for labour. Latest Government figures suggests th...
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