Published: 11th Aug 2020

Workers over the age of 50-years old could be hit by a ‘second wave’ of job losses when the government’s furlough scheme comes to an end, according to a new report. The report from the Centre for Ageing Better and Learning and Work Institute shows that the number of older workers on unemployment related benefits has nearly doubled as a result of the pandemic – increasing from 304,000 in March to 588,000 in June. It adds there is a risk of a ‘second wave’ of job losses for older workers as the furlough scheme comes to an end in October. Around one in four older workers – 2.5m in total – have been furloughed, and hundreds of thousands of these workers may be unable to return to their previous jobs as some sectors struggle to recover. The report states just one in three (35%) over 50s who lose their job return … (To read the full article, subscribe below)