The Furlough scheme is due to be withdrawn at the end of September and reports are warning of a raft of redundancies as businesses decide that they can no longer keep their employees on.
Research from the Resolution Foundation have stated that older workers (55 – 64) are at higher risk of unemployment.
This age group are not so ‘savvy’ when it comes to technology and the newer ways of working and most businesses tend to concentrate on the younger generations when training, who are more able to take to the new ways of working, however the danger is that we will end up with a whole generation being unemployable because of their outdated skills.
Businesses are being urged not to dismiss the experience that older workers can bring to their roles.
For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or should you or your company be facing financial difficulties and you need to chat, please telephone Stella Flemmings on 01377 257788 and she will make you an appointment with one of our insolvency professionals at our Driffield, Hull, Grimsby, Scunthorpe or York offices. Our initial meetings are free and without obligation. Meetings can be held virtually or in any of our offices whilst observing the socially distancing guidelines.
Because we are an independent insolvency practice, we keep our overheads low and have put systems in place to deal with simple liquidations at an affordable price of from £1,995 + VAT + Disbursements. Our MVLs are from £995 + VAT + Disbursements.