Thou­sands re­turn from fur­lough

Western Daily Press - - Business -

UK busi­nesses have said that thou­sands of em­ploy­ees have re­turned from fur­lough in the past two weeks, while there has also been a jump in com­pa­nies restart­ing their op­er­a­tions, ac­cord­ing to new fig­ures.

The Of­fice for Na­tional Sta­tis­tics (ONS) said that trad­ing com­pa­nies saw 7 per cent of their work­force re­turn from fur­lough, rep­re­sent­ing thou­sands of work­ers, in its lat­est sur­vey on the im­pact of coron­avirus.

Many work­ers came back from fur­lough dur­ing the two-week sur­vey pe­riod to June 28 af­ter re­tail­ers were given the go-ahead to re­open their doors. It also said firms re­ported that 3 per cent of their work­force re­turned from re­mote work­ing over the pe­riod.

Mean­while, the ONS said that 88 per cent of UK firms were trad­ing over the pe­riod, with 4 per cent of th­ese restart­ing work in the pre­ced­ing two-week pe­riod.

The fig­ures said that 4 per cent of busi­nesses were not trad­ing but in­tended to restart op­er­a­tions over the next two weeks, as more hos­pi­tal­ity firms open their doors.

The new data also re­vealed that 43 per cent of busi­nesses cur­rently trad­ing said they had less than six months of cash re­serves.

Mean­while, around 3 per cent said they had no cash re­serves at all, with this in­creas­ing to 10 per cent of firms who had paused trad­ing.

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