Older Workers At High Redundancy Risk
Published on 17 April 2013 09:30 AM
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A new analysis of job figures has shown that older workers are both more at risk of redundancy and find it harder to find a job when unemployed than most workers.
Age UK's study of ONS Labour Market statistics shows that people over the age of 50 are more likely to be made redundant than workers aged 24-50. This has been the case in every quarter since 2011.
The study shows that for the last quarter of 2012, 6.6 people aged over 50 were laid off for every thousand in work in the previous three months. This compares with 5.1 workers aged 35-49 and 5.2 aged between 25 and 34. Workers aged 16-24 year olds were slightly more at risk, with 7 people made redundant for every thousand workers, but they were more likely to quickly find work again
Once unemployed, the figures show that only 23 per cent of 50 plus workers were back in work by the next quarter. This compares with over 35 per cent of 35-49 year olds, almost 40 per cent of 25-34 year olds and 34 per cent of 16-24 year olds.[i]
Age UK's analysis is announced as the latest UK jobs figures are published.
Michelle Mitchell, Charity Director General of Age UK said,
"The combination of the difficult economic climate and age discrimination in the workplace is hitting older workers particularly hard.
"It's important to remember that the high redundancy figures include people who are being forced to give up their jobs, and is not just made up of people voluntarily taking redundancy.
"This is more proof that unemployed older workers find it tougher than people in any other age group to get back into work.
"With the rising State Pension age meaning many people will need to work longer coupled with our ageing population, it is more critical than ever that the Government and employers take steps to stamp out discrimination in recruitment and in the workplace.
"Older people must be able to continue to contribute to the economy by working for as long as they wish."
Notes to editors
[i] 16-24 year old figure from ONS Labour market Stats March 2013, 2012 Q2
25-34, 35-49 and 50 plus from ONS Labour market Stats March 2013 Q4
For media enquiries relating to Wales, Scotland and Northern Ireland please contact the appropriate national office: Age Scotland on 0131 668 8055, Age Cymru on 029 2043 1562 and Age NI on 028 9024 5729.
Age UK is the new force combining Age Concern and Help the Aged, dedicated to improving later life.
We provide free information, advice and support to over six million people; commercial products and services to well over one million customers; and research and campaign on the issues that matter to people in later life. Our work focuses on five key areas: money matters, health and well being, home and care, work and training and leisure and lifestyle. We work with our national partners, Age Scotland, Age Cymru and Age NI (together the Age UK Family), our local Age UK partners in England and local Age Concerns. We also work internationally for people in later life as a member of the DEC and with our sister charity Help Age International.
Age UK is a charitable company limited by guarantee and registered in England (registered charity number 1128267 and company number 6825798). Age Concern England and Help the Aged (both registered charities), and their trading and other associated companies merged on the 1st April 2009. Together they have formed the Age UK Group ("we"). Charitable services are offered through Age UK and commercial products are offered by the Charity's trading companies, which donate their net profits to Age UK (the Charity).