Fears of Mass Redundancies Grow as Tory Cuts Start to Hit Home

Independence is the only way to protect Scotland’s economy.

The Tory government must perform an urgent U-turn over its reckless decision to withdraw support for jobs – after more companies voiced fears of redundancies after the furlough scheme ends next month.

Bakery chain Greggs, which has 25,000 workers across Scotland and the UK, is the latest company to indicate it may have to cut staff hours or jobs when the scheme ends warning “with the Job Retention Scheme planned to end in October we are taking steps to ensure that our employment costs reflect the estimated level of demand from November onwards.”

It comes as a new survey from Censuswide and Virgin Money revealed four in ten (42%) small and medium businesses think they will have a smaller workforce in December than they did in September, and a quarter think they might go out of business next year amid a second wave of covid-19.

Commenting, SNP Shadow Business Secretary Drew Hendry MP (pictured) said:

“The devastating impact of the Tory decision to withdraw support for jobs in the middle of a pandemic is starting to hit home – with growing fears of mass redundancies.

“Boris Johnson was repeatedly warned that thousands of people could lose their jobs unnecessarily as a result of Tory cuts – and those warnings are now starting to become reality.

“The Tory government must perform an urgent U-turn, reinstate a full job protection scheme, and devolve financial powers to the Scottish Parliament so we can protect Scotland’s economy.

“Scotland shouldn’t have to wait for Westminster to act while people’s livelihoods are on the line.

“If the Tories won’t act now to save thousands of Scottish jobs they will demonstrate beyond doubt that the only way to protect Scotland’s interests is to become an independent country.”