The government is planning to spend £100 million on new measures to help job seekers who have been made redundant.
According to Personnel Today, the unemployed and people who may face loosing their jobs could benefit from the new scheme, which will offer retraining.
It is hoped people will then have the skills to help them apply for the 600,000 job vacancies which are still open across the UK.
Tony McNulty, the employment minister, said: "The new money we are announcing today will help fund training and support so that we can ensure people facing redundancy can access these vacancies and get back to work quickly."
He also claims that the employment industry is "geared up" to deal with the current economic crisis.
Earlier this month, Personnel Today reported that one redundancy advice helpline has seen the number of calls it receives rise by almost a third over September.