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UK - Michael Page sees profits rise but UK flat, announces new Chairman

10 October 2011

Group gross profit was up by +26.5% from 112.8 million Pounds in Q3 2010 to 142.7 million Pounds in Q3 2011 at Michael Page International Plc (MPI:LSE), the specialist recruitment consultancy. In constant currency, group gross profit was up by +21.8%.

An interim management statement for the three months...

UK - Savile's revenues up but makes significant losses

10 October 2011

Revenues were up by +9% from 8.2 million Pounds in 2010 to 8.9 million Pounds in 2011 at Savile Group Plc (SAVG.LSE), the AIM quoted Human Resources consulting firm, specialising in outplacement, career transition and talent management.

Preliminary audited results for the year ended 30 June 2011 reveal...

Greece - Job security and stability outweigh level of pay

10 October 2011

Employee expectations change in times of financial crisis, according to a survey by staffing agency Adecco Greece, translated into English by the European Working Conditions Observatory (EWCO).

The survey found that a sense of security and stability was the most important characteristic that 32% of participants...

UK - Growth plan should include temporary halt to public sector job cuts, says CIPD

10 October 2011

The government contends that its programme of public sector job cuts is modest and manageable, relative to the overall level of public sector employment and given that the vast bulk of job losses won't occur until late in the current Parliament. As a result, ministers do not expect public sector austerity...

Netherlands - Sickness absence higher in large companies

10 October 2011

The sickness absence rate among employees in the Netherlands was 4.1% in the second quarter of 2011 compared with 4% in Q2 2010. This is the equivalent of 1 in every 25 employees being off work because of illness. It was lowest among workers in the hotel and restaurant sector: 2.5%, according to the...

UK - Solvency II forces actuaries back on skills shortage list

10 October 2011

A shortage of actuaries to deal with Solvency II projects has forced the UK government to relax its visa rules, says ReThink Recruitment, the business and technology staffing firm.
Solvency II is an European Union (EU) wide directive that overhauls capital and reporting requirements for insurance...

Eurozone - Growth outlook deteriorates

10 October 2011

During the Summer of 2011, business and consumer confidence deteriorated sharply in the Euro area owing to mounting tensions on financial markets and fiscal consolidation in most European Union (EU) member states, according to the latest 'Eurozone Economic Outlook' published jointly by three economic...

Sweden - Economy forecast to grow by only +0.2% in 2012

10 October 2011

Swedish growth recovery is not expected to return to normal for several years. For 2012 the Confederation of Swedish Enterprise (Svensk Näringsliv) expects growth of only +0.2%.
Stefan Fölster, Chief Economist at the Confederation of Swedish Enterprise, commented "we are not seeing...

UK - Financial market uncertainty continues to impact City hiring

10 October 2011

The London financial services hiring market saw a further decline in September 2011. The number of newly available job roles fell from 4,095 to 3,843, a -6% drop from the previous month and a new low for the year. This was also a decline of -19% from the level of newly available jobs in September 2010,...

Germany - Koch appointed MD of Matchtech GmbH

10 October 2011

Matchtech Group, the specialist technical recruitment company, has announced the appointment of Mathias Koch as new Managing Director of Matchtech GmbH, in Germany.

Koch will be responsible for business development, the branding for the local German market and the further growth of the automotive business....