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....

OECD unemployment rate steady at 4.8% in December

The unemployment rate for the OECD (Organisation for Economic Co-operation and Development) was stable at 4.8% in December 2023, having remained below 5.0% throughout 2023.

The rate was unchanged in 21 OECD countries in December, rose in seven countries, and declined in five countries. The unemployment...

Amadeus FiRe FY 2023 revenue up, EBITA growth lower than expected

Amadeus FiRe (AADX:GER), the Germany-based staffing provider, reported consolidated sales of €442.4 million for the full year of 2023, up 8.7% when compared to the prior year period.

The group’s preliminary figures also showed EBITA of €70.4 million, an uptick of 3.5% compared to the previous year....

IPE Ventures acquires Staffing 360’s UK business

Staffing 360 Solutions Ltd. (NASDAQ: STAF) has divested its UK business, selling it to London-based private equity firm IPE Ventures.

“This acquisition aligns with our longstanding pursuit of a buy-and-build investment platform in the IT/engineering sector,” Adam Fletcher, group CEO of IPE Ventures,...

Adecco pledges to recruit 85,000 refugees by end of 2027

Adecco, part of the Adecco Group, announced it has pledged to find jobs for 85,000 refugees globally, and train or upskill 17,000 by the end of 2027.

The commitment follows Adecco’s first pledge at Tent’s European Business Summit in June 2023. At the summit, Adecco, a partner of the Tent Partnership...

Dutch temp agency jobs fall in Q4 amid tight labour market

There were fewer jobs at temporary employment agencies in the Netherlands in the fourth quarter of 2023 when compared to the third quarter, according to data from Statistics Netherlands.

The research showed 4,000 fewer jobs at temporary employment agencies in the fourth quarter than in the previous quarter,...

Randstad Q4 organic revenue down 9% amid limited visibility

Randstad (RAND: NV), the world’s largest staffing firm, today reported revenue for the fourth quarter ending 31 December 2023 of €6.18 billion. Organic revenue per working day was down 8.6% year-on-year in Q4 2023. Reported revenue was down 12%, of which working days had a negative impact of...

UK unemployment rate improves to 3.8% but ONS cautions on data

The UK unemployment rate for those aged 16 years and over decreased in the latest quarter ended December 2023 to a rate of 3.8%, returning to the rate a year ago, according to the latest estimates by the Office for National Statistics (ONS).

Labour Force Survey (LFS) estimates have been reweighted for...

AI expected to boost workforce productivity in energy sector

Artificial intelligence (AI) is expected to boost workforce productivity and job satisfaction and drive demand for new skills across the energy industry worldwide, according to the eighth annual Global Energy Talent Index (GETI) by Airswift.

The report found that 95% of energy professionals expect AI...