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As unemployment across Europe is rising and many countries are introducing new labour reforms to boost job growth, staffing firms could walk out as the winners, writes the Financial Times.
Managing director of Ciett, Denis Pennel, said that the liberalisation of labour markets are a “massive opportunity” to staffing firms as in most European countries recruitment firms are not yet as firmly established as in the UK. But with more States now opening up their jobs market, things could change.
Countries such as Spain, France, Germany, Belgium and Poland have all introduced reforms that make the jobs market more flexible but criticism remains harsh, particularly from trade unions who often accuse the industry of wage and social dumping.
Nonetheless, the staffing industry in Europe is growing.
“After each recession, our industry is becoming stronger and more important,” told Alain Dehaze, head of Adecco France, the paper. In Italy meanwhile rumours are going around that the upcoming labour reforms could also increase the significance of temporary employment agencies.
“Labour market deregulation does lead to an enhanced growth opportunity for staffing agencies,” confirms Kean Marden, a recruitment analyst at Jefferies to the paper. He said that now that the French public sector is open to recruitment companies, this had “increased the potential available market by a third.” And other countries might follow suit.
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