British employers turned a bit less pessimistic about hiring and investment this month as the government moved to relax its coronavirus lockdown of much of the economy, according to a survey published by a recruiting industry body.
FILE PHOTO: A woman wearing a protective mask walks across Waterloo Bridge in front of the City of London financial district during rush hour, as the number of Coronavirus cases grow around the world, in London, Britain, March 17, 2020. REUTERS/Hannah McKay
“Coronavirus has caused a huge slowdown in the labour market, but this data indicates that the worst could be behind us,” REC chief executive Neil Carberry said. Separately, the Institute of Directors said a quarter of its member firms using the government’s wage subsidy programme would struggle to contribute to the salaries of furloughed workers from August, raising the prospect of job losses.
The IoD’s survey of 697 company directors showed around half of those using the scheme for their staff could provide 20% or more toward furloughed workers’ full-time salaries between August and October when the programme is due to end.
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