Job cuts are rising at a record rate, with official figures published this week showing that almost 2.4m people are now out of work in the UK.
And most economists expect this figure to continue to climb upwards, with many predicting that the total number of people out of work will break the 3m barrier this year.
A recent survey showed that two-thirds of people in the UK know someone who has lost their job in this recession, and a further four-in-10 feared losing their own job in the current climate.
But struggling companies aren’t just looking at job cuts. Many are asking staff to take extended leave, pay cuts or work reduced hours in a bid to save money, boost profitability and keep the employer afloat. » Read more: Take a pay cut or a P45: what are your rights?
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