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Italy – Important merger reshapes Italian staffing market

8 April 2011

Staffing agencies Openjob and Metis have decided to join forces by merging their two operations into one large staffing agency with combined revenues of 450 million Euro.

The deal was financed via venture capitalists Wise Sgr and ComarFin. Wise now owns 68% of the shares whilst ComarFin owns 25%. The...

UK – Highams anticipates increase in revenues

8 April 2011

Highams Systems Services Group Plc (HSS:LSE), the recruitment consultancy and niche provider of technology, business and professional services to the insurance and financial services sectors, has made the following pre-close update for the year ended 31 March 2011:

"The group announces that it expects...

OECD Countries – Structural reforms required for boosting growth and jobs

8 April 2011

Governments must reform the underlying structure of their economies to boost economic growth and create jobs, according to the latest Going for Growth report, published by the Organisation for Economic Co-operation and Development (OECD).

OECD Secretary-General, Angel Gurria, commented "the capacity...

Europe – Labour productivity improved

8 April 2011

Output per worker continued to rise across the European Union during March 2011, extending the current period of improvement to twenty-three months. The rate of increase accelerated to the strongest since July last year. This was signalled by the seasonally adjusted European Union (EU) Productivity Purchasing...

Germany – Upswing continues

8 April 2011

Germany is experiencing a strong economic upturn. The latest joint analysis by the country's main economic research institutes forecasts that German Gross Domestic Product (GDP) will increase this year by +2.8% and by +2.0% next year.

For 2011 and 2012, an unemployment rate of 6.9% and 6.5%, respectively,...

Switzerland – Unemployment falls to 3.4%

8 April 2011

The number of jobseekers registered with the government's job centres (ORP) fell by -8,420 individuals to 134,905 in March 2011 compared with February 2011, according to the latest figures published today by the State Secretariat for the Economy (SECO).

The unemployment rate fell from 3.6% in February...

Ireland – Job opportunities rise +26% y-o-y in February 2011

8 April 2011

The latest Irish Employment Monitor published by professional recruitment consultancy Morgan McKinley (subsidiary of Premier Group) shows that new job opportunities for professionals in Ireland decreased marginally by -2% from 7,250 in January 2011 to 7,100 in February 2011. This was, however, a +26%...

Ireland – Business activity improves marginally

8 April 2011

Business activity continued to stabilise across the Irish economy in the first quarter of this year, according to the results of the Spring 2011 Business Sentiment Survey published by the KBC Bank Ireland and Chartered Accountants Ireland.

The number of firms reporting strong activity slightly exceeded...

UK – NMW increases +15 Pence from October 2011

8 April 2011

The National Minimum Wage (NMW) will increase by +15 Pence an hour to 6.08 Pounds in October, the government has announced.

From October, the minimum wage for adult workers will be 6.08 Pounds. The youth minimum wage, for 18 to 20-year olds, will also increase by +6 Pence to 4.98 Pounds an hour, the government...

UK – Hays' net fees driven by international business but cautions on UK public sector

7 April 2011

Net fees were up by +18% in Q1 2011 compared to Q1 2010 at Hays Plc (HAS:LSE), the fifth largest staffing company in Europe. On a like-for-like basis (organic growth at constant currency), net fees were up by +16%.

On a like-for-like basis, net fees from the temporary placement business increased by +8%...