The UK is facing a “tsunami of job losses” when the Government’s huge support for workers’ wages is wound down, the boss of Britain’s biggest recruiter has warned. James Reed, chairman of online jobs site Reed, said he feared the labour market is heading towards a “day of reckoning” when the support ends . […] Is there a wave of redundancies coming? The danger is a tsunami of job losses.” Mr Reed added: “Companies I talk to are a half or a quarter of the size they were when they furloughed people, or they are on the verge of going bankrupt.” […] The economy is unlikely to have staged a full recovery before the scheme is wound down, putting jobs at risk.
Click here to read the full article