snow conditions

Small Firms Worst Hit by Snowy Conditions

Small Firms Worst Hit by Snowy Conditions

Small firms were hardest hit by the recent heavy snowfall, losing vital productivity at a time when they are already struggling to survive, according to the Federation of Small Businesses (FSB). The FSB calculated that 20 per cent of the UK workforce took the day off last Monday (2nd February) due to the snow, costing UK businesses a whopping £1.2 billion in lost productivity. "The mass staff absences hit small firms hardest," said FSB head of parliamentary affairs, Stephen Alambritis. "While a larger company can divert their resources to branches where there are no adverse weather conditions, for a small business if you have six staff and three can’t make it in, that’s 50 per cent of the workforce gone. "At these firms, cheques aren’t being bank... »