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23/09/2009
More redundancies likely as CBI predicts slow recovery |
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The Confederation of British Industry (CBI) has said that there will be many more jobs lost in the coming year as the economy slowly crawls out of recession.
According to the body, the third quarter of 2009 will reveal economic growth of 0.3 per cent and in the October to December will be 0.4 per cent.
Next year will see the economy expand by 0.9 per cent, something that will not be enough to prevent more redundancies, according to CBI director-general Richard Lambert.
"Growth next year will remain very weak, while job losses will continue and household consumption will stay tightly squeezed," he said.
This could mean more people having legal cases arising from mishandled redundancies.
Employees living in the capital who lose their jobs this way may wish to consult with employment lawyers in London over possible means of redress.
Last week, a survey by the Forum of Private Business revealed that there has been an increase in the number of small firms seeking information on the right procedures when making people redundant.
Written by Pauline Adams
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