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Europe - IMF calls for strengthened policy response and financial integration

13 May 2011

Europe's recovery is expected to solidify but comprehensive and bold policy action will be needed to restore fiscal health, address remaining weaknesses in the financial sector, and implement reforms to restore competiveness and growth, according to the latest Regional Economic Outlook (REO) for...


Europe - Industrial production down by -0.3%

13 May 2011

In March 2011 compared with February 2011, seasonally adjusted industrial production fell by -0.2% in the Euro area (EA17) and by -0.3% in the whole of the European Union (EU27). In February production rose by +0.6% and +0.4% respectively, according to the latest data published by the Statistical...


Greece - Unemployment rises to 15.9%

13 May 2011

The unemployment rate in February 2011 was 15.9% compared with 12.1% in February 2010 and 15.1% in January 2011. The number of employed amounted to 4,178,312 persons while the number of unemployed amounted to 787,229 and the number of inactive to 4,363,858, according to the latest Labour Force Su...


World - Kelly Services back in profit but struggles in UK

12 May 2011

Revenues were up by +18.5% from $1.13 billion in Q1 2010 to $1.34 billion in Q1 2011 at staffing agency group Kelly Services Inc. (KELYA:NSQ). Interim results for the 13 weeks ended 3 April 2011 reveal that gross profit was up by +18.7% from $180 million in Q1 2010 to $213.7 million in Q1 2011.Ne...


Germany - Adecco acquires Medic

12 May 2011

Adecco Germany (Adecco Personaldienstleistungen GmbH) announces the acquisition of Medic-Zeitarbeit GmbH, the temporary staffing agency specialised in the medical and science sectors, for an undisclosed amount.Medic is based in Scheeßel, halfway between Hamburg and Bremen and also runs the so-cal...


Sweden - Resurs' revenues up +21.6%

12 May 2011

Revenues were up by +21.6% from 4 million Euro in Q1 2010 to 4.9 million Euro in Q1 2011 at Resurs Bemanning CNC AB (RESB:STO), the Sweden-based employment agency group.Operating profit was up from a loss of -90,000 Euro in Q1 2010 to a profit of 33,000 Euro in Q1 2011.Profit before tax was up fr...


OECD Countries - Tax burden on workers rising again

12 May 2011

The average tax and social security burdens on employment incomes rose in most countries in 2010, reversing a trend toward declining tax burdens seen in previous years. In most cases, though, any rise reported was small, according to a new report by the Organisation for Economic Co-operation and...


UK - Workplace absence costs 17 billion

12 May 2011

The UK economy lost 190 million working days to absence last year, with each employee taking an average of 6.5 days off sick, according to the latest Absence and Workplace Health Survey, published by the Confederation of British Industry (CBI) and Pfizer.  Despite the introduction of the ne...


Finland - Wages and salaries rise +5.6% y-o-y in Q1 2011

12 May 2011

The wages and salaries sum of the whole economy was +5.6% greater in the past January to March period than in the corresponding period twelve months earlier, according to Statistics Finland (Tilastokeskus). In March alone, the wages and salaries sum of the whole economy grew by +5.7% year-on-year...


UK - Government reviews employment red tape

12 May 2011

The government has announced new areas that it will consider reforming as part of its review of employment red tape, including collective redundancy consultation periods, the Transfer Undertakings Protection of Employment Regulations (TUPE) and compensation for discrimination awarded by employme...