A trio of employment and insolvency bodies have teamed up to launch a service which aims to ensure a soft landing for employees facing redundancy.
Insolvency trade body R3, Jobcentre Plus and the Insolvency Service today signed a Memorandum of Understanding. The document outlines how the three organisations can share information on struggling companies and potential job cuts.
Insolvency firms dealing with ailing businesses can work with Jobcentre Plus offices to formulate plans for at-risk employees. The aim is to ensure the quickest possible access to alternative jobs, benefits and training.
In November, Jobcentre Plus relaunched its rapid response service for insolvent firms and their staff. Since then it has worked with more than 2,500 firms that have gone to the wall. The employment body claims forging ties with R3 will improve the breadth and speed of the service.
R3 president Peter Sargent said: "R3 welcomes the opportunity to be involved in helping to develop links between our members and local Jobcentre Plus offices. We know that the impact of redundancy on people can be devastating and we want to make sure that we do everything we can to lessen that."
Employment minister Jim Knight MP added: "It is important that we do not just wait for someone to lose their job before we start to help them. The pre-redundancy service offered by Jobcentre Plus has helped thousands of people get new jobs quickly, stopping a short-term difficulty becoming a long-term problem. It is essential that we work with R3 and the Insolvency Service to make sure even more people get help before they are out of work."
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