As the credit crunch continues to take hold, organisations are inevitably considering the prospect of redundancy. Martin Warren, head of employment law at Eversheds, advises on the correct procedures to follow to ensure employers don’t fall foul of the law.
The UK is on the brink of a technical recession according to the British Chambers of Commerce (BCC), which is predicting a significant hike in unemployment rising to over 2 million.
Britain’s manufacturing sector will enter a technical recession in the next three months if output continues to fall, which could cost 36,000 jobs, according to the Confederation of British Industry.