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Switzerland - Strengthening of Franc burdens economic outlook

14 June 2011

In spite of some early signs of slowdown, economic growth in Switzerland has been solid so far this year. However, the currency appreciation, which already represented a burden on Swiss exports during the last few months, has jumped even higher over the last few weeks. With the recent added stren...


Portugal - GDP falls due to lack of domestic demand

14 June 2011

In the first quarter of 2011, Gross Domestic Product (GDP) fell by -0.6% in real terms compared with the same period of 2010. In Q4 2010 it fell by -1% year-on-year, according to the latest data published by the National Institute for Statistics (INE).The reduction reflects the strong negative co...


UK - Financial services job opportunities decline in May

14 June 2011

  The London Employment Monitor for May 2011, published by professional recruitment consultancy Morgan McKinley (part of Premier Group), shows some volatility in the hiring market with a month-on-month decrease of -19% in the number of available jobs in financial services from 6,426 to 5,22...


Eastern Europe - Antal plans IPO in Poland or Romania

13 June 2011

Staffing firm Antal International plans an Initial Public Offering (IPO) for its Central and Eastern operations in either Poland or Romania by 2013. Alternatively the new company might be listed in both countries, Wall-Street Romania reports.Tony Goodwin, International CEO and founder of Antal In...


Netherlands - Minimum wage rises on 1 July

13 June 2011

The gross minimum wage will be raised by +0.76% on 1 July 2011 when compared to 1 January 2011, the government announces.The gross minimum wage for persons aged 23 and over, based on a 36 hour week, will be 66.24 Euro per day, 331,20 Euro per week and 1,435.20 per month. The adjustment follows th...


Europe - Unemployment falls strongest in countries with already low unemployment

13 June 2011

In April 2011, the unemployment rate at the European Union (EU) level slightly eased by -0.1 pp to 9.4 %, after remaining stable for four months at 9.5 %. On the other hand, in the Euro area, it remained unchanged in April at 9.9 %. The EU's overall unemployment seems to point to a steady, though...


Germany - We need clever people from other countries, says DIHK

13 June 2011

The shortage of skilled workers is increasingly dominating the debate among top managers in Germany. The opening of the labour market on 1 May to the new member states of the European Union (EU) has so far not produced noticeably higher immigration levels in the country.The President of the Germa...


Norway - Hiring mistakes costly but kept secret

13 June 2011

Two out of three managers have made mistakes by hiring the wrong person but believe that they cannot admit this, according to new research carried out by staffing agency Proffice among 992 managers and 1,222 workers.Seven out of ten managers think that Norwegian labour law makes it too difficult...


UK - Deep-rooted structural problems won't be solved by recovery alone

13 June 2011

The Confederation of British Industry (CBI) today unveiled detailed analysis of the UK labour market, which reveals deep-seated structural problems which will not be solved by a return to economic growth alone.The report, Mapping the route to growth: rebalancing employment, marks the start of a m...


Spain - Summer season expected to boost temporary employment

13 June 2011

Adecco Spain expects to hire +10% more temporary employees during this summer than during the rest of the year. Adecco forecasts that during June and August of this year +88,000 new temporary employment contracts will be signed, +5% more than last year.The tourist hot spots of the Balearic Island...