Thursday, October 8, 2009
20% of indies forced to make job cuts in 2009
Almost three quarters of British Shops and Stores Association (BSSA) members froze employee wage increases over the past year and 20% of members made redundancies to cut overheads at their businesses.
The BSSA Wage Survey polled 250 independent retailers across the UK, and 70% of respondents awarded no pay increases to staff over the year. A further 35% of respondents cut back staff hours over the year, and those retailers that did recruit said higher levels of unemployment had made it easier
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