Friday, October 31, 2008

United Kingdom: Survey Suggests Older Workers May Bear Brunt of Redundancies

According to the CIPD/KPMG Labour Market Outlook "Redundancy Special," a survey of 721 UK employers suggests that older workers are set to bear the brunt of redundancies in the year ahead. Specifically, 26% of employers have contingency plans to make new or further redundancies in the next twelve months in addition to those already planned, and almost one in five employers say that they are going to enforce the Government’s retirement age policy--which allows UK organizations to make workers over 65 redundant without having to provide a business reason for doing so--more vigorously.

Source: CIPD Press Release (October 31, 2008)

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