SLASH TRAINING AT YOUR PERIL’ WARN BUSINESS BOSSES
Updates | Thursday October 23rd, 2008A coalition of the UK’s most senior businessmen and union leaders today took the unprecedented step of calling on UK employers not to slash staff training in a bid to cut costs as the economic downturn bites.
In an open letter published in national newspapers today (Thursday), some of the UK’s top business people including Sir Mike Rake, Chairman of BT group and the UK Commission for Employment and Skills, Sir Stuart Rose, Chief Executive of Marks & Spencer and Chairman of Business in the Community, Mervyn Davies, Chairman of Standard Chartered plc and Richard Lambert, Director General of the CBI, together with Brendan Barber, General Secretary of the TUC, urge employers to sustain or even increase their investment in training, saying: ‘Now is precisely the time to keep investing in the skills and talents of our people. It is the people we employ who will get us through.”