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UK — British Chamber of Commerce warns against more red tape

19 January 2010

  A 25.6bn employment bill risks job creation and recovery, argues the British Chambers of Commerce (BCC). New research from the BCC reveals that upcoming employment regulations and taxes will cost UK businesses a staggering 25.6 billion Pounds over the next four years, which could adversely imp...


France — Mixed outlook for engineers

19 January 2010

  The latest statistics on the labour market published by the Association for the Employment of Managers (APEC) paint a mixed picture of the latest developments in job opportunities for engineers, Le Figaro reports. In November 2009, there were 8% more job offers for engineers when compared to...


UK — British Chamber of Commerce warns against more red tape

19 January 2010

A 25.6bn employment bill risks job creation and recovery, argues the British Chambers of Commerce (BCC). New research from the BCC reveals that upcoming employment regulations and taxes will cost UK businesses a staggering 25.6 billion Pounds over the next four years, which could adversely impact...


Switzerland — S&P lowers Adecco's credit rating to BBB-

19 January 2010

  Credit rating agency Standard & Poor's has reduced the rating of staffing group Adecco SA to BBB- from the previous BBB. The lower rating is due to possible negative effects of Adecco's acquisition of MPS Group for a net cash consideration of 782 million Euro. At the same time, the A-3 sho...


Switzerland — S&P lowers Adecco's credit rating to BBB-

19 January 2010

Credit rating agency Standard & Poor's has reduced the rating of staffing group Adecco SA to BBB- from the previous BBB. The lower rating is due to possible negative effects of Adecco's acquisition of MPS Group for a net cash consideration of 782 million Euro. At the same time, the A-3 short-t...


Europe — Economists predict a jobless recovery

18 January 2010

  Europe may return to modest growth in 2010 but economists are warning that unemployment will remain high amid fears that the recovery will be painfully weak. At a conference in Brussels, analysts forecast another tough year ahead, adding that the risk of a W-style or 'double dip' recovery cou...


Portugal — Income for young people falls faster than inflation

18 January 2010

  The latest figures from the National Statistics Institute (INE) reveal that wages for the 25 to 34 year olds have fallen by -2.8% in the third quarter of 2009 when compared to the same period in 2008. Whilst inflation has also fallen by -0.3% during the same period, the purchasing power of yo...


Germany — Top manager distances herself from artificial in-house temporary employment agencies

18 January 2010

  Ingrid Hofmann, Managing Director of Germany's tenth largest temporary employment group, I.K. Hofmann, has openly criticised the behaviour of drugstore chain Schlecker in terms of their abuse of temporary employment law. This is the first public comment on this issue from a leading manager in...


Portugal — Income for young people falls faster than inflation

18 January 2010

The latest figures from the National Statistics Institute (INE) reveal that wages for the 25 to 34 year olds have fallen by -2.8% in the third quarter of 2009 when compared to the same period in 2008. Whilst inflation has also fallen by -0.3% during the same period, the purchasing power of young...


Europe — Economists predict a jobless recovery

18 January 2010

Europe may return to modest growth in 2010 but economists are warning that unemployment will remain high amid fears that the recovery will be painfully weak. At a conference in Brussels, analysts forecast another tough year ahead, adding that the risk of a W-style or 'double dip' recovery could...