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Recruitment firms in Switzerland saw weakened market conditions in February as new statistics show that temporary agency work contracted by -1.8% when compared to a year ago. This is according to the Swiss federation of staffing companies (Swiss Staffing).
The Swiss staffing industry only returned to growth towards the end of 2012 and was not able to offset the overall market decline in 2012. The federation said that the staffing industry contracted by -4.5% last year, according to preliminary figures.
“The modest growth of the last quarter in 2012 has slowed down. Temporary staffing has started into the new year with reluctance,” the federation said.
Compared to other European countries, the Swiss market decline is relatively small. France has been badly hit by a slowdown in the recruitment sector. The chief executive of Switzerland-based Adecco, Patrick De Maeseneire, earlier this week said weak demand in the French auto and industrial manufacturing sectors impacted the company’s financial performance. Adecco’s fourth-quarter revenue in France dropped by a sharp -17%.
In the Netherlands, staffing companies also reported a fall in revenue at the start of the year while new data from Germany this week showed a contraction in the local staffing industry.
Staffing Industry Analysts’ forecasts for the European recruitment market show a mixed picture with most countries expected to moderately grow in 2013, including Switzerland.