Wise Group Q4 revenue slides 21% as it reports losses

Wise Group (WISE:SS), the Swedish staffing firm, reported revenue today of SEK 195.9 million (€17.5 million) for the fourth quarter ended 31 December 2023, a fall of 20.9% over the previous year.

EBITDA amounted to a loss of SEK 5.7 million (€0.5 million) and the EBITDA margin amounted to -2.9%. During...

City of York Trading buys Williams and Anthony

City of York Trading Ltd, a council-owned recruitment firm, announced the acquisition of boutique recruitment firm Williams and Anthony, a Yorkshire-based recruitment firm.

Financial details were not disclosed.

City of York Limited is a trading company owned by the City of York Council. It was established...

OECD GDP growth up 0.4% in Q4, FY 2023 growth up 1.6%

Gross domestic product in the OECD countries (Organisation for Economic Co-operation and Development) rose by 0.4% in the fourth quarter of 2023 when compared to the previous quarter, according to provisional estimates.

Quarterly OECD GDP growth rates have remained weak over the past two years.

Across...

Staffline, Randstad and other staffing firms slammed for minimum wage breaches

Recruitment firm Staffline Recruitment has topped the latest list of 524 UK businesses that have been named and shamed for failing to pay the minimum wage.

The businesses named in the latest list have since paid back what they owe to their staff and have also faced financial penalties of up to 200% of...

Dutch temporary staffing hours down 8% while turnover steady

The temporary employment sector in the Netherlands saw a decline in hours while turnover remained the same during the first period of 2024 (week 1 – 4, starting 1 January), according to the Dutch Federation of Private Employment Agencies (ABU).

In period 1, the number of hours decreased by 8% and turnover...

APSCo calls for pro-growth policies amid economic recession

Following news last week that the UK entered into a technical recession, the Association of Professional Staffing Companies (APSCo) is urging the government to adopt proactive pro-growth policies to stimulate the economy. 

Data from the Officer for National Statistics showed UK real gross domestic...

Finland’s job vacancies trend down in Q4

Finland saw fewer job vacancies in the fourth quarter of 2023 with 42,000 vacancies, down from 50,300 a year earlier, according to the latest Job Vacancy Survey by Statistics Finland.

In the last quarter, open job vacancies decreased in the major regions of Northern and Eastern Finland by (-4,800)...

Aldi set to create 5,500 new jobs this year (MSN)

Discount supermarket chain Aldi is set to create 5,500 new roles across the UK this year, reports MSN. The group did not specify details on if the roles would be permanent or temporary. Roles available include store assistants, managers and cleaners at new stores opening this year, with the supermarket...

Job Solution reports losses but plans new acquisition

Recruitment firm Job Solution Sweden reported revenue last week of SEK 19.2 million (€1.6 million), an increase of 22.5% over the same period a year ago.

CIPD to develop guidelines for ethical use AI at workplace

The UK’s Chartered Institute of Personnel and Development plans to set up working groups to develop principles and practical guidance to help employers embrace AI tools, particularly generative AI tools such as ChatGPT, responsibly and ethically. 

Peter Cheese, Chief Executive, CIPD, said, “AI...