Results of a recent survey published by Acas highlight the challenging economic climate facing businesses across the UK, with 30% of employers likely to make redundancies within the next year.
The results revealed that 41% of large businesses (those with more than 250 employees) expect to make redundancies whilst 20% of SMEs are likely to make redundancies within the next 12 months. 11% of businesses that participated in the survey did not know. Acas said that these figures show that some businesses across the UK are facing tough challenges as these figures are higher than the 30% of large employers and 10% of SMEs that said they were likely to make redundancies in 2022.
If you require any legal advice in connection with making redundancies, please contact the employment team at Morgan LaRoche.