Published: 5th Apr 2021

Redundancies amongst the over 50s have increased by 195% in a year, according to new analysis. The analysis by the website Rest Less shows there were 107,000 over 50s made redundant between November and January 2021 – an increase of more than 70,500 or 195% year on year. And whilst redundancy levels in the UK have fallen from their peak, the fall has been slowest amongst the over 50s. The redundancy rate of those over the age of 50 is now higher than all other age groups and currently stands at 12.8 per thousand employees, according to the analysis. It also estimates there were early 1.3m over 50s on furlough at the end of February 2021 – or almost a third (28%) of the total furloughed workforce of 4.65m. ‘These figures show just how devastating the impact of the pandemic has been on over-50s, with over 100,000 made redundant between … (To read the full article, subscribe below)