More than one in three small firms with furloughed workers fear they’ll never reopen, according to new figures for the North West.
Several businesses across the region have admitted that they’re drawing up redundancy plans. The Federation of Small Businesses (FSB) surveyed more than 5,000 firms in the North West about the impact of coronavirus pandemic.
They found that one in three small employers are considering redundancies as they struggle to pay bills, shelve exports and pause product development.
As such, the FSB is calling for the introduction of part-time furloughing as it highlights those struggling to access government schemes and Universal Credit.