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Germany — DIHK talks of job miracle

18 June 2010

The German Chambers of Industry and Commerce (DIHK) expect a -90% reduction in reduced working hours schemes (Kurzarbeit) by the end of 2010. DIHK representative Volker Treier told German daily Bild "by the end of the year there should be no more than 100,000 employees on reduced working hours sc...


Europe — EU27 hourly labour costs up by +2.2% year-on-year

17 June 2010

The latest data published by the Statistical Office of the European Union (Eurostat) shows that hourly labour costs in the 16 countries, which share the Euro as a common currency (EA16)* rose by +2.1% in the year up to the first quarter of 2010, compared with +1.7% for the previous quarter. In al...


UK — Financial services hiring at second highest level this year

17 June 2010

According to the latest London Employment Monitor published by professional recruitment consultancy Morgan McKinley, London's financial services jobs market saw a +3% month-on-month increase from 5,569 to 5,733 newly available jobs in May 2010. Compared to May 2009, job opportunities rose by +82%...


OECD Countries — Developing countries set to account for 60% of world GDP by 2030

17 June 2010

The rapid growth of emerging economies has led to a shift in economic power. The aggregate economic weight of developing and emerging economies is about to surpass that of the countries, which currently make up the advanced world. According to 'Perspectives on Global Development: Shifting Wealth...


France — Cegit buys Vedior Front RH

17 June 2010

Human Resources Information Technology (HRIT) specialist Cegit has announced the acquisition of Vedior Front RH from staffing group Randstad. Vedior Front RH is a provider of outsourced HR services and was founded in 2006. The company had a turnover of 1.4 million Euro in 2009. The acquisition...


World — Former Ciett President Wim Ruggenberg passes away

17 June 2010

Wim Ruggenberg was Vice-President of International Confederation of Private Employment Agencies (Ciett) from 1968 to 1990. From 1980 to 1990, Ruggenberg was also the first Chair of the Eurociett committee, dealing with the specific interests of the industry in the European Union. In 1990, he was...


Spain — Labour market reforms approved via provisional Royal Decree

17 June 2010

The Socialist cabinet of Prime Minister Jose Luis Rodriguez Zapatero has yesterday approved labour market reforms via a provisional Royal Decree in order to revive the economy and fend off a Greek-style debt crisis. The CCOO and the UGT unions have called for a general strike on 29 September 2010...


UK — Talent resource and retention high priority despite diminishing budgets

17 June 2010

Recruitment remains challenging this year as employers seek to balance the books while successfully resourcing talented employees. This is the main finding from this year's Chartered Institute of Personnel and Development (CIPD) Resourcing and Talent Planning survey. Despite the reduction in rec...


Netherlands — Unemployment down to 4.6%

17 June 2010

The latest seasonally adjusted data from Statistics Netherlands (CBS), shows that the unemployment rate fell from 5.6% in May 2009 to 4.6% in May 2010. During the same period there were on average 437,000 persons unemployed in the Netherlands.   To read the full statistics in Dutch language ple...


EMEA — Korn/Ferry sees improved results in Q4 of financial year

16 June 2010

Korn/Ferry International Inc. (KFY:NYQ), the US-based global provider of talent management solutions, has announced financial results for the three months and the financial year ended 30 April 2010. Total annual revenues were down from $676.1 in 2009 to $599.6 million in 2010. Total Q4 revenues...