Member Article

Glassdoor: One in five London businesses have considered job cuts

26 per cent of London businesses have considered laying off staff, while only 14 per cent of South East firms can claim the same.

According to the Q1 15 Glassdoor UK Employment Confidence Survey, the proportion of UK employees who fear losing their job in the next six months has dropped eight percentage points from 35 percent to 27 percent.

The report also notes that 17 percent of City workers have faced losing their bonuses, or having their pay reduced, while only 8 percent of South East businesses have worried about this scenario.

38 percent of London workers asked stated that they were worried about job security in the next six months, whereas only 23 percent of South East workers agreed that they could be laid off in this period.

UK-wide, 35 percent of workers expect to receive a pay raise of cost-of-living increase in the next 12 months, down from 43 percent last quarter.

This was posted in Bdaily's Members' News section by Ellen Forster .