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The staffing industry in the Netherlands has been affected by a continuing decline seen since the beginning of the year with new figures suggesting a further downturn. This comes after Staffing Industry Analysts revised its market forecast in August for the Netherlands down to -5% this year.
Between mid-July and the start of August, staffing revenue in the industry fell by -4% while the number of hours worked by temporary staff also dropped by -4% year-over-year.
This is reported today by the Dutch association of staffing firms (ABU), which represents 400 recruitment agencies in the country.
Temporary billings fell sharply in the medical sector as hours decreased by -19%. Staffing firms also made lower revenues in this segment, with sales dropping -16% when compared to a year ago.
The industrial sector was also impacted by slowing activities. Hours worked fell by -6% while revenue was down by -5%.
The slowdown was less profound in the administrative sector and the technical sector where hours declined by “only” -1% and -3% respectively; revenue in these two market segments decreased by -1% and -5%.
Large staffing firms have not been left unaffected by the slowdown. USG People, ranked eighth in the world, recently reported a sharp fall in staffing revenue during the second quarter of the year as economic uncertainty put a brake on European growth.
Last week there was more uplifting news with the Dutch statistics office reporting a slight increase in temporary billings. Yet labour experts remain cautious as unemployment in the Netherlands has been on the rise and the number of jobs/vacancies have both declined in the second quarter of the year.