Reacting to the publication, today, of the latest UK employment figures, Bernard Brown, Partner and Head of Business Services at KPMG, says:
“With the high street continuing to suffer in the wake of lukewarm consumer confidence, it’s no surprise to see the job market continuing to contract. For a long time, though, temporary job placements have offered some form of salvation, so it’s alarming to see these roles drying up, too. If permanent and temporary roles continue to disappear this is a trend that will go on for some time.
“It’s easy for employers to retrench when times are tough, but if they are continually shelving jobs as a way of saving money, they will be in no position to capitalise when the economy turns a corner. It means that now is the time to start asking questions about how good a solution redundancy is.
“After all, by reducing the number of staff at their disposal, organisations are running the risk of being unable to service customer demands or handle demand when the economy picks up. In simple terms, continually wielding the redundancy axe could render organisations unfit for purpose in the long-term.”
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Mike Petrook, KPMG Press Office
020 7311 5271 (t), 07917 384 576 (m) or firstname.lastname@example.org
Notes to Editors:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff. The UK firm recorded a turnover of £1.6 billion in the year ended September 2010. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have more than 138,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.