60 Firms Will Collapse Every Day This Year
Byline: Becky Barrow Business Correspondent
AS many as 60 firms will collapse every day this year due to the crippling impact of the recession and the fragile recovery, research reveals today. But the silver lining for bosses is that workers are willing to take a pay cut and a more junior position to secure a job because they are so concerned about their bleak employment prospects.
The number of 'business failures' will remain around the current level for the following two years.
This means more than 60,000 businesses will disappear between 2010 and 2012, according to the research, from the accountants and business advisers BDO.
Many businesses …
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Publication information: Article title: 60 Firms Will Collapse Every Day This Year. Contributors: Not available. Newspaper title: Daily Mail (London). Publication date: September 22, 2010. Page number: 6. © 2007 Daily Mail. COPYRIGHT 2010 Gale Group.
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