UK redundancy payouts hit record £5bn

January 28th, 2013

FAKE NEWS for the Zionist agenda

The analysis of official figures by EMW law firm shows that the cost of redundancy payments in Britain in the year to April 2012 is up 9 percent on the past 12 months, reaching a record £4.9 billion.

This comes as UK employers paid off a “massive” £18.4 billion in redundancy payments since the beginning of the recession.

Louise Holder, principal at EMW, said: “The recent rise in redundancy payouts has been driven in particular by increasing numbers of redundancies in the public sector,” adding, “Overall payout levels reflect the long services and high salaries of some of the staff now being let go.”

Holder also said that businesses in the UK, which were holding on to their most talented and experienced staff during the instant result of the 2008-9 financial crisis; have had to part with some of their top staff during the double-dip recession.

Moreover, government figures show that the National Health Service (NHS) made nearly £170 million worth of redundancy payments in 2010-11.

BGH/MOL/HE

Source Article from http://www.presstv.ir/detail/2013/01/28/286043/redundancy/