Quarter of British manufacturers plan to lay off workers

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Quarter of British manufacturers say they plan to lay off workers in next six months

By Daily Mail City & Finance Reporter

Published: | Updated:

One quarter of British manufacturers say they plan to lay off workers in the next six months. 

The figure has emerged in a survey of firms by industry body Make UK, which found that more than two thirds of respondents did not rule out lay-offs. 

Make UK said many companies had been so badly damaged by the pandemic that when the furlough scheme ends they are likely to ‘resort to substantial redundancies’.

Cutting back: Make UK said many companies had been so badly damaged by the pandemic that when the furlough scheme ends they are likely to ‘resort to substantial redundancies’

It added that many manufacturers now believed it would take more than a year for normal trading conditions to recover. 

Make UK is calling for extra support such as easier access to loans and a ‘national skills task-force’.

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