Cost cut on staff Christmas parties
Most firms will not be paying for staff Christmas parties this year to cut costs in the face of the economic downturn, according to new research.
A survey of over 3,200 firms by employment law firm Peninsula showed that three out of four did not believe a festival celebration would be of any benefit to their company.
More than four out of five said they will not be paying for a staff party at Christmas because they wanted to save money.
Peter Done, managing director of Peninsula said many employers were tightening their belts in the face of the recession, while those which had made workers redundant considered paying for a party would be "inappropriate."
"Employees should bear in mind that Christmas parties are not a contractual right and should take into account the current state of the economy."
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