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UK - Spending cuts, higher taxes and inflation constrain growth

6 May 2011

The economy is forecast to grow but at a sluggish pace. Not until 2013 will the economy grow faster than its trend rate of +2.1%. Growth this year will be constrained not just by the government's spending cuts but by the squeeze on households from higher taxes and rising inflation, according to t...


Austria - Quotas for women on boards approved

6 May 2011

The Austrian government has agreed the implementation of female quotas for supervisory boards of state-owned companies, according to the European Industrial Relations Observatory (EIRO). A quota of 25% is to be brought in by 2013 with an increase to 35% by 2018.The new regulations will affect 55...


UK - Network Group announces three acquisitions

5 May 2011

Network Group (NGH:LSE) has announced that in recent weeks it has made three acquisitions. On 15 April 2011 NGH acquired the business and assets of Sheridan Maine Limited, a recruitment business specialising in the accountancy and finance sector based in the south of England.  The total cons...


UK - ReThink's Q1 gross profit up +37.7%

5 May 2011

ReThink Group Plc (RTG:LSE), the staffing and professional services firm, is holding its AGM at 11.00 am today at which the following statement will be made by John Sadiq, the Chairman of the company."The company announced its results for the year ended 31 December 2010 on 7 April 2011. In t...


Sweden - Wise's revenues up +63%

5 May 2011

Revenues were up by +63% from 2.93 million Euro in Q1 2010 to 4.8 million Euro in Q1 2011 at Wise Group AB (WISE:STO), the Sweden-based provider of services and tools in the area of Human Resources Management (HRM).Interim results for the three months ended 31 March 2011, published today, reveal...


Eurozone - Employment rises as firms boost capacity

5 May 2011

At 56.7 in April, the final 'Eurozone Services Business Activity Index', published by research firm Markit, came in slightly below the earlier flash estimate of 56.9 and was weaker than March's reading of 57.2. However, the drop in the index signals only a very modest cooling from the buoyant pac...


Germany - Full employment feasible by 2015

5 May 2011

It is feasible that unemployment could fall from currently 7.3% to under 5% by 2015. In 2017, the number of unemployed could be reduced from currently 3.1 million to 2 million, according to new analysis by economic research institute HWWI.HWWI Director, Thomas Straubhaar, commented "the figh...


UK - Falling standards of living and job security undermine morale

5 May 2011

Employee confidence and trust in senior leaders has dropped to record lows as the economic downturn continues to erode workers' standard of living and undermine job security. These are the headline findings from the Chartered Institute of Personnel and Development's (CIPD) spring 2011 Employee O...


Ireland - Employees worried about job security

5 May 2011

69% of Irish employees are concerned about job security according to new research released by the Irish employment law consultancy Peninsula Ireland. The research that questioned 1,022 workers also shows that 74% of Irish workers worry about not having enough money to retire.   Alan Price,...


Europe - First two companies sign Women on the Board Pledge

5 May 2011

European Union (EU) Justice Commissioner Viviane Reding has announced the first two companies which have signed up to the 'Women on the Board Pledge for Europe', committing to improve the gender balance in boardrooms. Guerlain, the perfumes and cosmetics firm, and FES Consulting Empresarial, the...