×


Home About Contribute Media Kit Contact Sign In
×







.


Recruitment Industry News

Figures reveal around 110,000 employees furloughed in C&W


Around 110,000 employees in Coventry and Warwickshire are currently on furlough, according to new figures.

Figures reveal around 110,000 employees furloughed in C&W


"This isnt going to be easy and businesses are going to have to make some tough choices. I think we will see some very difficult economic conditions across our region, the UK and the world."
Sean Farnell



Around 110,000 employees in Coventry and Warwickshire are currently on furlough, according to new figures.

The Coventry and Warwickshire Local Enterprise Partnership (CWLEP) Growth Hub revealed the figures at the latest meeting of the CWLEP SME Supergroup Business Group.

CWLEP Growth Hub operations director Phil Peak revealed about 72,000 people are presently furloughed in Warwickshire and around 38,000 in Coventry.

But he said the sub-region was well placed to help businesses because of the well-established joined-up approach of business support organisations and local authorities in the region.

“The number of people that have been furloughed in Coventry and Warwickshire is sobering news,” he said.

“Concern is continuing to build about how many of these jobs are going to switch from furlough to redundancy.

“At the Growth Hub we are working with other organisations such as the Coventry and Warwickshire Chamber of Commerce, the FSB, local authorities, borough councils and district councils because we’re going to face a huge number of redundancies.

“We need a joined-up approach because many companies are nervous about taking on more debt. Their reserves are down and their customer base has shrunk as we move into the recovery phase.

“Some sectors like hospitality and leisure, and culture and tourism that really rely on face-to-face contact are clearly going to face a real challenge but all the business support organisations are working together to come up with solutions.

“Coventry and Warwickshire has one of the most joined up ecosystems in the country which is a real positive and we have to use that as we move towards recovery.

“Re-skilling the workforce is a challenge and an opportunity but we have very strong skills in our region which we need to work on.

“We have to make the most of opportunities from schemes such as HS2 and the www.finditincw.co.uk platform where businesses particularly SMEs can find out all about new work which is available in the private and public sector.”

Sean Farnell, chair of the CWLEP SME Supergroup Business Group, said this was a critical time as businesses focused on re-setting their companies.

He said: “We are at the coalface and it is great to have multi-national companies based in Coventry and Warwickshire but it is the SMEs which are going to be the drivers of change and we see this group as central to that.

“We are focused on re-setting the economy and every business whatever their size or sector needs to behave as if they are a new start-up.

“How we achieve that will be through collaboration among businesses throughout the region.

“This isn’t going to be easy and businesses are going to have to make some tough choices. I think we will see some very difficult economic conditions across our region, the UK and the world.”

.


Recruitment Business News - Searching for the perfect executive team particularly in a market as niche as luxury yachts is never easy. So when Alejandro Hahn took over as European managing director at Dahlgren Duck, sourcing and delivering bespoke homeware supplies for yachts, private jets and residences, he knew exactly where to turn.


Headhunting goes full circle

Recruitment Business News - A major new online employment resource hub has been launched to help people in Coventry and Warwickshire, who may have lost their job because of the Covid-19 pandemic, find new work.


New free online employment website launched in C&W

Recruitment Business News - The figures show that when the average number of children a woman gives birth to falls below 2.1, the size of the entire population will start to fall. The average number was more than double this back in 1950 at 4.7 , but it is projected to fall to 1.


Why are fertility rates plummeting throughout the world?

Recruitment Business News - As the UK employment market continues to buckle under the Coronavirus strain, and the knock on effect of unemployment in the retail, hospitality, travel and leisure sectors is being felt by tens of thousands of families across the country, a business from Kent which focuses on providing employment...


Five Thousand Jobs Up For Grabs in CEO's Bid to Boost UK Economy

Recruitment Business News - A South West firm which helps SMEs to scale up rapidly by giving them access to experienced part-time directors is continuing its international expansion. Bristol-based BoardroomAdvisors.


Firm that offers SMEs grey hairs in the boardroom international expansion

Recruitment Business News - Over the last few months, working from home has become the new normal for many people, meaning our furry friends have had their owners by their side all day long.


New study reveals how pets have helped Brits working from home