• Text size      
  • Send this article to a friend
  • Print this article

Firms cautious over jobs

LESS than one-quarter of small and medium enterprises in Scotland expect to expand their workforce next year, according to research from Co-operative Bank.

The study found just 24% of those surveyed were going on recruitment drives. Alongside that, 21% planned to invest in their firm including areas such as new equipment or improvements in premises.

Only 19% said they anticipated growth in international orders, although just 10% said they were worried about orders from outside the UK falling.

The uncertain economy was cited as the biggest challenge small businesses will have to face next year, followed by rising energy bills, controlling cashflow, dealing with skills shortages and retaining support from banks.

Contextual targeting label: 
Business

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

132670