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UK — Bankers move to private equity firms to avoid tougher regulation

25 January 2010

  Many of London's investment bankers are seeking to quit the industry in favour of private equity firms and hedge funds to escape heavy regulation and public censure for the financial crisis, The Guardian reports. Executive search firm Heidrick & Struggles International told the Guardian that...


Ireland — New legislation to undercut minimum pay

25 January 2010

Under a new law being introduced by the government, employers will be able to apply for an exemption from wage agreements by pleading 'inability to pay' in court, the Irish Independent reports. The new legislation will require the consent of the majority of workers before employers can cut hourl...


Ireland — New legislation to undercut minimum pay

25 January 2010

  Under a new law being introduced by the government, employers will be able to apply for an exemption from wage agreements by pleading 'inability to pay' in court, the Irish Independent reports. The new legislation will require the consent of the majority of workers before employers can cut ho...


UK — Bankers move to private equity firms to avoid tougher regulation

25 January 2010

Many of London's investment bankers are seeking to quit the industry in favour of private equity firms and hedge funds to escape heavy regulation and public censure for the financial crisis, The Guardian reports. Executive search firm Heidrick & Struggles International told the Guardian that it...


Ireland — Architectural firms have shed 60% of staff in two years

25 January 2010

A new report by the Irish subsidiary of specialist recruitment firm Hays reveals that three in five employees (60%) in architectural companies in Ireland have lost their jobs since 2007. Almost one third of architectural firms nationwide (32%) have laid off between 61% and 100% of their staff du...


UK — Albany Group has funding withdrawn

22 January 2010

Neutral vendor and workforce management company the Albany Group has apologised for any inconvenience or financial hardship to staffing companies and contractors after admitting that a 3 million Pounds factoring facility for three of its UK companies has been withdrawn, Recruiter reports. The co...


Netherlands — Strong rise in unemployment among over 45 year olds

22 January 2010

  According to the latest figures from Statistics Netherlands (CBS), 410,000 people on average were unemployed in The Netherlands in the period from October to December 2009. This is the equivalent of 5.3% of the labour force. 12 months previously this was still only 3.7%. Seasonally adjusted u...


Spain — Government accepts a final delay in proposals for labour market reform

22 January 2010

The representatives of unions and employers who are currently negotiating new labour market measures to be taken by the government have asked for more time in order to be able to come up with concrete proposals, Nueva Tribuna reports. The negotiations are taking place on the initiative of Prime...


Netherlands — Olympia announces divestment from insolvent German holding

22 January 2010

Olympia Nederland BV, the Dutch subsidiary of listed German holding company Olympia Flexgroup AG, which has applied for an insolvency regime and the suspension of shares, is preparing to divest itself from the German holding in order to continue trading as an independent company, Flexmarkt report...


UK — Albany Group has funding withdrawn

22 January 2010

  Neutral vendor and workforce management company the Albany Group has apologised for any inconvenience or financial hardship to staffing companies and contractors after admitting that a 3 million Pounds factoring facility for three of its UK companies has been withdrawn, Recruiter reports. The...