Redundancies among over 50s soar in the last year, study fin

Redundancies among over 50s soar in the last year, study finds


REDUNDANCIES among the over-50s have soared in the past year, according to a study released today, leading to calls for the age group to receive targeted support.
There were 107,000 over-50s made redundant between last November and January 2021 — an increase of more than 70,500, or 195 per cent, research found.
Redundancy levels in the UK have fallen from their peak, but the decline has been slowest among the over-50s, said campaign group Rest Less, which gives advice and help to older people.
The redundancy rate among the over-50s is now higher than all other age groups at 12.8 per 1,000 employees, said the report.

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