The development of sausage-type instabilities in an initially homogeneous Z-pinch plasma column has been investigated by means of numerical modelling. It is shown that in the presence of short-wave perturbations of a Z-pinch boundary and a rarefied plasma surrounding the pinch, cavities filled with a rarefied plasma and with a magnetic field are formed in the plasma column. As a result of this cavity growth, small columns of dense plasma form on the axis in the Z-pinch which have a temperature substantially higher than the average plasma temperature in the plasma column. When deuterium is present in the pinch, these dense high temperature bunches can become a source of intensive neutron radiation