The number of redundancies in the UK increased to 156,000 in 2020, the largest annual and quarterly increases seen since 2009.


First published in September 2020.

The latest employment statistics from the Office for National Statistics published yesterday reveal the sharpest increase in redundancies in the UK since 2009. The figure of 156,000 represents an increase of 58,000 year-over-year and one of 48,000 when compared to the previous quarter.

This makes for the highest amount since 2012 but is still a long way below the levels recorded due to the financial crisis.

As noted by the ONS, these figures are made up of people made redundant and those taking voluntary redundancy over a three month period. Planned redundancies are not factored in.🔷

Number of redundancies in the UK from 2005 to 2020. / Statista





[This piece was first published in Statista & written by Martin Armstrong, Data Journalist at Statista.]

(Cover: Pxfuel.)

PMP Magazine articles are FREE. Please do share this article widely.
Members of PMP Magazine can read our articles first. We call this “THE TIMEWALL”. If you too would like to receive all our articles in your inbox before everyone else, BECOME A MEMBER NOW!
StatsOffice for National Statistics (ONS)RedundanciesUK EmploymentUnited KingdomUK Unemployment