Crisis will filter to Germany

Contract hiring in Germany remains strong despite the Eurozone crisis. But according to SThree’s regional director Germany South, it is only a matter of time before the effects are felt.

Contract hiring in Germany remains strong despite the Eurozone crisis. But according to SThree’s regional director Germany South, it is only a matter of time before the effects are felt.

Nye Bidwell told Recruiter: “The contract market remains strong.” However, he added: “It has never been the case that the German market hasn’t been affected; it is more that the effect will take a while to filter through.”

SThree operates in three sectors of the German contract market: IT, engineering and life sciences. He explained that part of the reason for the current strength of these markets was that German companies took a long-term perspective and didn’t react to short-term fluctuations in the market.

“German companies are not used to panicking, they tend to take balanced view and take time to make a decision,” he explained.

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