The international multi-sector recruiter has announced a suspension of its share dividends. 

Carl Camden, president and chief executive, says: “The board has determined that the suspension of the cash dividend is prudent given the economic turmoil the global economy is presently experiencing and its impact on our business.”

The news comes after the company announced it could lay off up to 350 workers in the UK (recruiter.co.uk, 29 January). 

The temporary suspension is applied to the payment of the quarterly cash dividend on Kelly Services Class A and Class B common stock.