was in Germany (-22%) and Italy (-19%) and the firm blamed the recruitment of technical flex workers in Germany on increasing shortages. It also warned that equal pay discussions, combined with the skill shortage
% to £1.8 million, driven by strong performance in contract recruitment in the Benelux countries and Germany.
The Nordic market, which is heavily focused on executive and permanent recruitment, saw a -5
’s largest division, Continental Europe and & Rest of the World, was the only region to see growth in the period with gross profit rising strongly by +16%. Germany outperformed other staffing markets
currency, the UK grew by +5% while all other major European markets declined (Nordics -4%), Germany -10%), Netherlands (-12%) and Belgium (-11%).
In this region the “gross profit margin was below the prior
(Germany, France, Italy) is projected to grow at +0.4% in the third quarter, rising to +0.6% in the fourth quarter. Second quarter 2010 GDP grew by +1.6% in the US, by +5.1% in the three largest countries