Skip to main content
Work with the NEU
Bosses plan job cuts so that ‘living wage’ doesn’t dent profits

COMPANIES are gearing up to sack staff in a bid to maintain their profit levels after the government’s so-called living wage is introduced, a human resources expert reveals today.

Half of employers believe the new minimum hourly rate of £7.20 will affect their wage bill, according to a survey by the Chartered Institute of Personnel and Development (CIPD) and the Resolution Foundation

But trade unions have vowed to fight back against bosses shifting the costs of the rebranded minimum wage for the over-25s.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
General view of the Job Centre Plus on Benalder St in Glasgow
Economy / 21 March 2026
21 March 2026

PHILIP ENGLISH says military spending will not create the jobs young people need — instead, build an economy based around needs, not profit

INVESTMENT WITHELD: Paternoster Square, City of London, on the right with the columns is the new home of the London Stock Exchange / Pic: gren/CC
Features / 31 January 2026
31 January 2026

If the government really wanted to address public finances, improve living standards and begin economic recovery, it would increase its borrowing for investment, argues MICHAEL BURKE

retail staff
Finance / 23 December 2025
23 December 2025
Closed gates at Westminster underground station, September 9, 2025
Transport / 17 September 2025
17 September 2025