But for record numbers of young people in the workforce in 2021, their first professional experience will be the trauma of being made redundant.
We need to act now to recognise the impact that redundancy can have on young people, limit its legacy and prepare this generation for a more positive professional future.
The industries which have seen the biggest impact from Covid restrictions and lockdowns: Hotels and restaurants, shops and entertainment have all seen large numbers of jobs lost – and are all major employers of the under 25 workforce. Youth redundancies hit a record high of 16.2%, with the under 25s being made redundant at five times the rate they were last year.[i]
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