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Redundancies

Numbers of people experiencing redundancy in the North East region and potential future redundancies

Labour Market
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Redundancies in the North East

In the first quarter of 2023, recent redundancies experienced by workers in the North East region totalled just almost 6,800. This was the highest level for this particular quarter since 2016 and the highest for any quarter since the last quarter of 2020.

How the North East compares

The Q1 2023 North East region total was equivalent to a rate of 6.4 redundancies per 1,000 employees, compared to 2.9 in England. It was the highest rate among the nine English regions and almost three times the rate of the same quarter in 2022.

Potential North East redundancies

The Office for National Statistics provides monthly experimental regional statistics from the Insolvency Service. These give the total number of potential redundancies cited in HR1 forms provided by firms that intend to make 20 or more redundancies. In the first quarter of 2023, North East region companies cited over 3,200 potential redundancies in HR1 forms.  This was the highest quarterly total since the third quarter of 2020.

The total in each form is a maximum and is likely to overestimate future redundancies from these firms. On the other hand, potential future redundancies in firms making fewer than 20 redundancies are excluded.


About the data

Estimates of redundancies are published for three-month periods by the ONS. They are based on individual responses in the Labour Force Survey rather than on a survey of companies. They measure the number of people who stated that they had been made redundant in the three months prior to interview. The statistics are at a regional level only with the North East region including the North East and Tees Valley LEP areas. Patterns can be quite volatile due to small sample sizes and some regional totals are calculated from national totals using percentage breakdowns in previous periods.