Hays fined £30m

Multi-sector recruiter Hays has been fined £30m for price fixing.

Multi-sector recruiter Hays has been fined £30m for price fixing. The company was among six recruitment firms fined £39.27m by the Office of Fair Trading (OFT) at the end of last month for price-fixing and the collective boycott of another company in supplying candidates to the construction industry. The OFT ruled that A Warwick Associates (£3,303), Beresford Blake Thomas (£0), CDI AndersElite (£7.6m), Eden Brown (£1.07m), Fusion People (£125,021), Hays Specialist Recruitment (£30.4m), Henry Recruitment (£108,043) and Hill McGlynn & Associates (£0) all breached the Competition Act 1998. Beresford Blake Thomas and Hill McGlynn & Associates were granted immunity from fines in return for exposing the cartel. Beresford Blake Thomas and Hill McGlynn & Associates were part of Vedior before its acquisition by Randstad. Randstad issued a statement in which it said it takes all matters of business conduct and ethics very seriously. Hays told Recruiter that it will appeal the decision. Recruiters have two months to appeal.

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