Furlough extension could save 12,000 manufacturing jobs

Posted on 11 May 2020 by Jonny Williamson

Extending the government’s job retention scheme and giving companies more flexibility could help safeguard thousands of industrial jobs, according to a new study.

Members of the Confederation of British Metalforming (CBM) have predicted they may be forced to cut up to 30% of jobs (12,000 positions) if financial support was taken away at the end of June. The UK’s trade body for manufacturers of fasteners, forgings, pressings, cold-rolled and sheet metal products said its members are concerned over…

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