Tens of thousands of workers are being laid off in key sectors,prompting fears of ‘trickle-down effect’ on British economyMajor UK-based companies have announced tens of thousands of job losses that are expected to have a ripple effect on the economy in the coming months, casting a shadow over Britain’s recovery.
Affecting huge areas of the UK economy – from factories to the high street, or banking,media and energy – the job losses coincided with another wave of panic selling on stock markets and fears of a further global recession. Related: Job losses gather momentum across UK and Europe Related: Lloyds Banking Group to crop 1755 jobs and close 29 branches Related: Boots to crop up to 350 jobs in bigger UK stores Continue reading...
Source: theguardian.com