28/06/2016
How many companies will freeze hiring post-Brexit?
Hiring freezes are likely to come into effect post-Brexit according to the Institute of Directors (IoD).
The IoD surveyed 1,000 of its members and found that a quarter planned to freeze recruitment – the BBC reports.
A third of those surveyed said they would continue to hire at the same rate, and five per cent said job cuts were planned.
Overall, two-thirds said the Leave vote was bad for business.
"Business leaders are very, very concerned. Nearly half of them expect the other member states to punish Britain,” Simon Walker, Director General of the IoD said.
Walker said he did not think those that voted for Brexit realised they were voting "for constitutional and economic chaos".
"There's no point crying over spilt milk. Over time we must not lose faith in business to recover, but it was always going to be a shock with a loss of jobs and economic growth for quite a long time and it looks as though it will permeate through the whole of British business," he said.
http://www.recruitmentgrapevine.com/article/2016-06-27-how-many-companies-will-freeze-hiring-post-brexit
Hiring freezes are likely to come into effect post-Brexit according to the Institute of Directors (IoD)...