SME's expecting redundancies

UK SMEs brace for steep rise in redundancies New research from Citation has found SMEs are starting to brace for widespread redundancies as inflation continues to surge and worries around an incoming recession grow. The employment expert, which specialises in SME advice, saw a 184% increase from June to July* in the number of inbound queries from employers looking for advice around redundancies. Gill McAteer, director of employment law at Citation, said: “These are very challenging times for businesses, with inflation of goods and services, including the energy crisis and economic uncertainty causing worries for firms of all sizes, but in particular SMEs.”

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