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Insecure work keeps staff from upskilling and finding new jobs
According to a new report from the Work Foundation, insecure work often traps individuals rather than serving as a pathway to better employment. The study tracked 10,000 people over four years, revealing that 44% remained in precarious jobs, while 9% fell out of work entirely. Ben Harrison, director of the Work Foundation, stated: “The very…
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Metro Bank slashes more jobs
Metro Bank is set to announce the elimination of 300 jobs as part of its £80m cost-cutting strategy. This follows a previous announcement of 1,000 job cuts, representing 22% of its workforce, and comes after the bank’s £925m rescue deal led by Colombian billionaire Jaime Gilinski Bacal. Chief executive Daniel Frumkin stated that the bank…
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Workers see dramatic fall in share of global income
The International Labour Organisation (ILO) has reported a significant decline in the global labour income share, which has fallen by 1.6% since 2004. This decrease translates to an annual shortfall of $2.4 trn in 2024 compared to what workers would have earned if the share had remained stable. Celeste Drake, the ILO’s deputy director-general, said:…
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Chances for progression are ‘stacked against’ non-white teachers
Evelyn Forde, former president of the Association of School and College Leaders, has highlighted the issue of systemic racism within the teaching profession, stating that opportunities for non-white teachers are “stacked against” them. Speaking at a WomenEd event, she emphasised the need to “unblock” the pipeline for applications to initial teacher training (ITT) from people…
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Government agrees £500m funding deal with Tata Steel
Business Secretary Jonathan Reynolds has confirmed that the government will invest £500m into Tata Steel’s UK operations, while a “new and improved deal” for workers will support the transition to greener steel production. Reynolds added that workers at the Port Talbot steel plant will receive improved redundancy terms and the offer of a skills package….
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Record dismissals at HMRC
Dismissals for gross misconduct at HMRC have reached a five-year high, with 179 workers having their employment terminated in 2023, marking a 43% increase since 2020. The total, obtained through a Freedom of Information Act request, marks the highest recorded in at least five years. Additionally, the Department for Work and Pensions reported 190 dismissals…