Financial services hiring ‘bouncing back’ following challenging 2023

Following a tough hiring landscape in 2023, recruitment across financial services has reported a much-needed boost, with January data up on the latter part of last year, according to new research from the Association of Professional Staffing Companies (APSCo) and Broadbean Technology.

The number...

Automaker Forvia to cut 10,000 jobs in Europe (Reuters)

French automotive supplier Forvia said it plans to cut up to 10,000 jobs in Europe over the next five years as part of a plan to boost profits in the face of Chinese competition, reports Reuters. Forvia claim that one in two vehicles worldwide are equipped with Forvia products which specialise in electrification...

Kelly’s education business is bright spot in challenging Q4

The uncertain economy continued to affect demand for staffing in the fourth quarter, Kelly Services Inc. (KELYA, KELYB) reported today. Fourth-quarter revenue fell 1.3% in constant currency at the Troy, Michigan-headquartered staffing giant. However, Kelly’s education staffing business was a bright...

Alma Media fourth quarter revenue down marginally

Finland-based media company Alma Media which operates a number of job boards, reported fourth-quarter revenue today from continuing operations of €78 million, down 0.9% from last year.

Interiman Group full year revenue up 5.7%, appoints new CEO

Interiman Group, a recruitment firm based in Switzerland, reported a consolidated turnover of CHF 593 million (€624.8 million) for the 2023 financial year, a rise of 5.7% compared with 2022.

The company noted that the 5.7% increase comes amid a fall of 5.8% in the Swiss staffing market in 2023, according...

UK recruiter Salt expands global footprint with Zelo deal

Salt, a London-based global recruitment firm, acquired Zelo Digital, a recruitment firm focused on digital advertising also based in London.

The deal closed at the beginning of February.

The acquisition, effective immediately, aims to expand Salt’s presence across the US, Europe and Asia Pacific regions...

New job ads across the UK trend up in January

The number of new job postings in the UK increased in January by 27.9% when compared to December 2023, according to the latest Recruitment and Employment Confederation and Lightcast Labour Market Tracker.

Overall, there were 873,169 new job postings in January 2024 which means the total number of active...

Eezy Q4 revenue falls 16.2% as it reports losses

Eezy plc (EEZY:HEX), a Finland-based staffing firm, reported fourth-quarter revenue decreased by 16.2% when compared to the same period a year ago.

Revenue fell due to the sharply weakened demand for staffing services during the period.

Hedera Group Q4 revenue up but profits fall

Swedish recruitment services firm Hedera Group (HEGR:SS) reported revenue today for the fourth quarter ended 31 December 2023 of SEK 166.6 million (€14.8 million), an increase of 14.5% compared to last year. Organic growth was 11.1%.

CEO Johan Sandström said the last quarter was characterised by continued...

Gattaca sees H1 net fee income decline of 16%

UK-based specialist engineering and professional services staffing firm Gattaca announced group net fee income for the six-month period ending 31 January 2024 is expected to be £18.9 million, a decrease of 16% year-on-year.

In its trading update, Gattaca said its performance is in line with expectations....