Employers in multiple sectors are facing the prospect of a broader revolution in the world of work, triggered by technology and mass remote working. — Reuters
LONDON: Bank of England Chief Economist Andy Haldane has signed up to judge the winner of a “war game” designed to help firms find alternatives to mass layoffs in the face of a coronavirus-driven slowdown.
Confronted with the most unpredictable pandemic in memory, cost-conscious firms have already axed millions of staff worldwide, while UK redundancies hit a record high of 314,000 in the quarter to Sept 30, official data showed on Nov 10.
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