
Covid-19: Fewest firms planning job cuts since pandemic began
Getty ImagesSome 292 British employers made plans to cut jobs in January, the lowest figure since the pandemic began.A total of 32,000 redundancies were proposed, up 9% on last January, despite new lockdown rules closing businesses across most of the UK. The figures suggest that the decision to extend the furlough scheme has helped to prevent wider job losses.The numbers were released by the Insolvency Service in response to a BBC Freedom of Information request.Employers planning 20 or more redundancies are obliged to notify the Insolvency Service at the start of the process by filing a form called an HR1 Advance Notice of Redundancy.This gives an early indication of the state of the labour market ahead of the redundancy statistics published by the Office for National Statistics (ONS), whi...