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UK — SThree lower headcount inhibits profitability

19 July 2010

SThree Plc (STHR:LSE), the international specialist staffing firm, has today announced interim results for the six months ended 30 May 2010. Revenues were down by -21% from 280.6 million Pounds in H1 2009 to 221.7 million Pounds to H1 2010. Gross profit fell by -20.3% from 93.3 million Pounds...


UK — Report claims private sector is highly unlikely to be able to absorb job declines in public sector

19 July 2010

New research by the New Economics Foundation (nef) has found that between 2002 and 2009 only one in four of all new enterprises created in England was based in the most deprived areas, despite decades of government programmes encouraging enterprise in regions with high unemployment. In the North...


Netherlands — Christian temporary staffing agency must pay voluntary workers

16 July 2010

The Ministry for Social Affairs and Employment has decided via its Labour Inspectorate department (Arbeidsinspectie) that staffing agency DWN Services, which is owned by the Christian Community of The Netherlands (CGN), must pay its voluntary workers standard wages, Dutch daily Dagblad van het No...


Portugal — Volkswagen in-house temporary employment agency grows to over 1,000 temporary staff

16 July 2010

The Volkswagen-owned in-house temporary staffing agency, AutoVision, has grown from 300 employees in July last year to 1,000 employees in July this year, Portuguese daily Rostos reports. AutoVision Portugal provides Human Resources management and temporary staffing services to both Volkswagen gr...


Europe — Temporary workers disproportionately affected by the crisis

16 July 2010

The European Central Bank notes in its latest monthly bulletin that "the reduction in Euro area employment has been sizeable, following the deep fall in activity on the back of the international economic crisis." "However, it has been somewhat less severe than might have been expected, at least...


UK — Over eight million still waiting for pre-recession pay to be reinstated

16 July 2010

77% or 8,680,000 employees who took a pay cut during the recession in order to avoid redundancy, have still not had their pay re-instated, according to a report released by recruitment consultants Badenoch & Clark. This is despite the UK now being officially out of recession. Employees have rema...


Europe — 1 billion man hours lost to fictitious sick leave each year

16 July 2010

Across Europe, more than 120 million sick days a year are actually taken for personal reasons rather than for an illness according to Aon Consulting, the employee risk and benefits management firm. 15% of the 7,500 European workers surveyed in Belgium, Denmark, France, Germany, Ireland, The Neth...


UK — Healthcare Locums to acquire Orion, LML and Redwood Health

16 July 2010

Healthcare Locums Plc (HLO:LSE), the specialist health and social care staffing firm, has announced that it has entered into conditional agreements to acquire the entire issued share capital of Orion, the business and assets of LML and, subject to shareholder approval, the business and assets of...


Ireland — ESRI predicts migratory outflow of -120,000 people by 2011

15 July 2010

The Economic and Social Research Institute (ESRI) has published its latest Quarterly Economic Commentary for Summer 2010. The main findings of the analysis are: For 2010, GDP is expected to grow by 0.25% in volume terms. The corresponding figure for GNP is for a fall of -0.5%. For 2011,...


Greece — Air traffic controllers strike against pensions reform

15 July 2010

Greek air traffic controllers are out on strike today in order to protest against the pensions reform by the Hellenic (Greek) government, German daily Bild reports. The Hellenic government is desperately trying to get its horrendous budget deficit back under control and improve its rating with i...