Every month, our experts comment on the biggest and most interesting recruitment news across the country.
In this edition, Deputy MD Maggie Netherwood looks at the uncertainty over the UK’s Brexit future as well as news that leading automotive manufacturers Jaguar Landrover and Honda plan to lay off a combined 8,500 jobs as both companies struggle the current economic climate.
Recruitment industry fears uncertain Brexit future
Neil Carberry, chief executive of the professional body for the UK recruitment industry has warned that “crashing out of the EU without a deal would do real damage to British businesses and the millions of families they support.”
In the event of a no-deal Brexit, the government will need to replace laws that will disappear overnight if there is no withdrawal agreement with the EU.
Many analysts believe businesses and citizens will not be ready as typically, these kinds of sweeping changes to the law take years before coming into effect.
Leaving the EU with no deal is the default position on 29 March unless a withdrawal agreement can be approved in Parliament in the next few weeks.
To read the full article on recruitment industry’s fear over Brexit future, click here.
Jaguar Landrover to cut up to 5,000 jobs
Jaguar Landrover announced it is cutting up to 5,000 jobs from its 40,000 strong UK workforce as part of a £2.5bn cost-cutting plan caused by a downturn in Chinese sales, a slump in diesel sales and concerns about UK competitiveness post-Brexit.
Management, marketing and administrative roles are expected to be affect the most but some production staff may also be affected.
In addition to the impending job-losses, all recruitment has been halted as career opportunities suffer in the industry.
Japanese car manufacturer Honda, has also recently confirmed that it will close its Swindon car plant in 2021 which puts about 3,500 jobs at risk.
To read the full article on the Jaguar Landrover job cuts, click here.