UK – Labour Party manifesto gets recruitment industry response; flexibility is a concern

The Recruitment & Employment Confederation pointed out positives in the Labour Party’s election manifesto released Thursday but called for the political party to make sure the UK’s labour market remains flexible.

“We welcome the proposal to broaden the apprenticeship levy, allowing more flexibility...

France – Staffing firm Mare Nostrum launches IPO

Mare Nostrum is launching its initial public offering to trade on the Euronext Growth market in Paris. Subscriptions will be open until 28 November and trading is set to start on 4 December.

The company is expecting an Offer price between €4.96 and €5.78 per share providing a capital increase of approximately...

Netherlands – Private equity sells stake in recruitment firm Olympia to Morgan Stanley unit

Private equity firm Avedon Capital Partners sold a stake in Netherlands-based recruitment firm Olympia to Morgan Stanley Tactical Value Investing.

Dimitri Yocarini will remain CEO of Olympia and his ownership will increase to a majority stake. The management board remains unchanged and the supervisory...

UK – Recruitment of engineering, technical staff is biggest growth barrier, say 60% of technical employers

In the UK, 60% of employers report recruitment of engineering and technical staff is the biggest anticipated barrier to achieving business objectives over the next three years, according to the 2019 Skills and Demand in Industry report released this week by the Institution of Engineering and Technology....

Ireland – Union wants investigation of agency fees in healthcare (The Irish Times)

Trade union Siptu called for Ireland’s Health Services Executive to investigate fees paid to employment agencies when temporary staff convert to full-time roles, The Irish Times reported. The union delivered its concerns to the Oireachtas (Irish legislature) committee on health. Some fees have been...

World – Global staffing revenue totaled $491 billion in 2018, but growth deceleration expected this year: SIA

The global staffing industry generated $491 billion in revenue worldwide in 2018, with growth of 5% compared to the previous year, according to a new report by Staffing Industry Analysts, the “Global Staffing Industry Market Estimates and Forecast: November 2019 Update.” But revenue growth is expected...

Sweden – Veteranpoolen Q3 revenue and profits rise

Veteranpoolen AB, a Swedish firm that offers household services and staffing services and claims to be Sweden's largest employer for retirees, reported revenue today of SEK 96.3 million (€9.0 million) for the third quarter ended 30 September 2019, an increase of 9.1% when compared to the previous year....

Switzerland – DLSI Group acquires Multi Personnel

French staffing firm DLSI announced that through its subsidiary Pemsa, it has acquired Swiss-based employment agency Multi Personnel.

The effective date of the transaction was 1 November 2019. The price of the transaction was not disclosed.

DLSI said that Multi Personnel, which had revenue of CHF 8 million...

UK – Liberal Democrats want to review IR35

The UK’s Liberal Democrats, the 4^th largest party in the House of Commons, launched their 2019 election manifesto in which they set out policies that they would introduce if they win the upcoming general election. In its manifesto, the Liberal Democrats addressed the future of work.

Among the pledges...

UK – Number of youth NEETs on the rise

The number of young UK people (aged 16 to 24 years) who are not in education, employment or training (NEET), saw an increase in the three months’ period ended September 2019 when compared to the same period last year, according to data from the Office of National Statistics.

ONS data showed that...