May 11, 2020
Last week the Institute for Turnaround (IFT) published its societal impact report: Unlocking Value, Saving Jobs: The contribution of Turnaround to Business and People, which highlights the valuable work and positive effect of the turnaround community to the economy and society at large. This report could not come at a more pertinent time where we are in the midst of a global crisis both at a human and economical level.
The IFT’s research illustrates that in 2019, 130,000 companies in the UK were showing signs of distress and it is expected that the spread of Covid-19 will drive higher demand for turnaround services. The report broadens the understanding of turnaround as an essential business discipline that can help avoid unnecessary insolvencies, particularly during a time when business recovery is significant to the economy and to society. You can read and download the full report on the IFT website below: