PENINSULA Business Services, a Manchester-based employment law advice firm, today announced a £250,000 investment to expand a team of specialists to guide bosses of small and medium-sized companies looking to make redundancies.

Managing director Peter Done said the cash injection would enable Peninsula to recruit staff and improve its technology.

The company, based on New Bailey Street, has seen calls to its advice line about redundancy issues and procedures leap in recent months as SME bosses look to cut costs during the economic crisis.

Mr Done said: "We are being indundated with calls. The current downturn is really hitting firms hard, and many have to look at redundancy as a way of streamlining their businesses so they are able to come out of the downturn leaner and fitter.

"However, employers need to remember that redundancy is a complex process and must be followed to the letter of the law, otherwise firms will end up being taken to tribunal, where the financial cost alone would be severely damaging."

Peninsula, which acts for 23,000 firms nationwide, employs 800 staff and earlier this month revealed record annual profits of £16.3m on revenues of £72.9m. Tweet