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Home Current U.S. News

UK Firms Report Strongest Hiring Intentions in a Year: CIPD | Investing News

February 22, 2021
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UK Firms Report Strongest Hiring Intentions in a Year: CIPD | Investing News
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Reuters

FILE PHOTO: People walk past a branch of Jobcentre Plus, a government run employment support and benefits agency, as the outbreak of the coronavirus disease (COVID-19) continues, in Hackney, London, Britain, August 6, 2020. REUTERS/John Sibley/File PhotoReuters

LONDON (Reuters) – British businesses have the strongest hiring intentions in a year and fewer are planning to make redundancies as the economic outlook has brightened over the past three months, a human resources industry body said on Monday.

The Chartered Institute of Personnel and Development said 56% of businesses planned to increase staff numbers in the coming months, up from 53% in late 2020 but below the 66% planning to hire staff a year ago before the pandemic.

The proportion of firms planning redundancies dropped sharply to 20% from 30% in the last quarter.

However the CIPD said unemployment was likely to rise sharply if…

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