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Eurozone - Growth weakest since 2009 due to manufacturing slowdown

24 June 2011

The Flash Eurozone Composite Output Purchasing Managers Index (PMI), based on around 85% of usual monthly replies, fell from 55.8 in May 2011 to a 20-month low of 53.6 in June 2011, according to economic research firm Markit.

Output growth has slowed sharply since peaking in February, taking the average...

Germany - Business climate improves in June 2011

24 June 2011

The Business Climate Index for German industry and trade, published today by research institute IFO, improved in June 2011 for the first time since February 2011. The companies surveyed have given clearly more positive assessments of their current business situation than in May. The German economy is...

Sweden - 10,000 jobs under threat due to Saab's looming bankruptcy

24 June 2011

The owners of Saab Automobile, Netherlands-based ‘Swedish Automobile’, which used to be known as Spyker Cars, said that Saab would be unable to pay employees' wages because it had not yet obtained the short-term funding that it was seeking, the Financial Times newspaper reports.
The news...

Ireland - Cost competitiveness report makes labour market recommendations

24 June 2011

The National Competitiveness Council (NCC) has published its latest study on the 'Costs of Doing Business in Ireland 2011'. The report evaluates Ireland's relative cost competitiveness, identifies barriers to competitiveness and sets out actions needed to improve and sustain Ireland's competitiveness....

UK - Pinnacle seeks re-admission to AIM

23 June 2011

Pinnacle Staffing Group Plc (PCL:LSE), the troubled healthcare recruitment firm which suspended trading of its shares on AIM earlier this month, has announced that it has been advised by Beever & Struthers, the administrator to the company's subsidiary, PHC Luton Limited, that PHC Luton's 75% shareholdings...

Netherlands - Employment and wages up y-o-y

23 June 2011

Employment was up by +34,000 workers in Q1 2011 compared with Q1 2010, according to the latest data published today by the Central Statistics Office (CBS).

Compared with Q4 2010 seasonally adjusted employment was slightly down by -0.1% or by -7,000 workers.

The year-on-year increase in employment was mainly...

Belgium - 84% say business climate is better than six months ago

23 June 2011

84% of Belgian companies believe that the current business climate is better than it was six months ago, according to the latest research carried out by the Federation of Belgian Companies (FEB).

The Federation estimates that economic growth will amount to +2.4% in 2011.

One in four companies says that...

France - De la Tour re-elected as Prisme President

23 June 2011

The Association of Temporary Employment Agencies and HR Services Providers (Prisme) has re-elected Arnaud de la Tour as President for the third consecutive time on the occasion of its Annual General Meeting.

De la Tour's new mandate is for the duration of one year.

Philippe Gobinet was re-elected as Vice-President...

UK - REC welcomes new council members

23 June 2011

The Recruitment & Employment Confederation (REC) has announced its new Council members whose elections were confirmed at its Annual General Meeting yesterday.
The Council members comprise six new Corporate Directors and five Individual Directors, each of whom will serve under the Chairmanship...

UK - Gender gap for contractors widens as rates are squeezed

23 June 2011

The average hourly rate for umbrella contractors has fallen in the last 12 months from 34.41 Pounds to 33.12 Pounds. However, contractors over 35 are typically 10 Pounds an hour better off than their younger counterparts, according to the latest Insight Index published by professional business services...