Redundancies should be last resort, says CIPD

Redundancies should be a "last resort" as employers cut costs, the Chartered Institute of Personnel and Development (CIPD) insists.

Planning for recovery by keeping staff is a better and potentially cheaper approach, it adds, saying an average redundancy costs employers £16,375 before any savings are made.

The CIPD earlier warned 600,000 jobs could go this year, while others have warned unemployment could hit three million.

The CIPD's chief economist John Philpott says: ... (228 more words)

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