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Luxembourg – Staffing market worse off in 2013

11 January 2013

The staffing market in Luxembourg has been hit by worsening trading conditions last year as even some of the largest international recruiters reported a drop in sales. Marc Kieffer from the national association of private employment agencies (Uledi) said in an interview with Le Essentiel that 2012 saw the staffing market contract between 8% to 10%.

“Up to November 2012, from our internal figures, we recorded 7.5 million hours worked in the country …. Over the entire year, the trend from our representative sample of temporary employment shows a drop of 8% to 10% of the number of hours worked. In 2010, the increase was 21% and in 2011 it was 8%,” he said to the newspaper.

According to Mr Kieffer, the sectors most affected by the decline include some of the key staffing markets: industry and construction. The financial services sector has also seen deterioration in temporary staffing, he said.

Looking ahead, he was far from optimistic. “The beginning of this year is even worse than 2012, and so far, there is no recovery in sight. Companies use temporary workers to adjust their staffing needs. If the activity starts again, the sector will benefit immediately,” he said. 

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