Hays had £140m knocked off its stock market valuation yesterday after it reported a 70% fall in underlying half-year profits to £30.4m.
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International recruiter Adecco reported a drop in revenue and earnings for 2009. However, the company pointed to signs of improvement in the final quarter of the year.
Global executive search firm TRANSEARCH International has opened a new office in Prague, Czech Republic.
The legislation that will bring into effect the Agency Workers Directive and the biggest shake-up of temporary workforce regulation in years was expected to pass this week.
Graduate jobs site GradFutures.com has appointed Ian Sprackling as its new chief executive.
Sprackling, who took over last week from Demetrios Zoppos, has held managerial positions at the Evening Standard, the Daily Express, the Independent and Reed Business Information. Sprackling was also was head of sales at jobsgopublic.co.uk.
Long-term Jobseekers Allowance claimants are to be given a guarantee of a job or work placement, the government has announced.
Claimants will be obliged to take up the offer if they cannot find other work, while jobs will be provided through extending the Future Jobs Fund as well as private sector and voluntary sector internships and work placements.
Government proposals that could lead to the end of the right of employers to force employees to retire at a particular age have been welcomed by recruiters.
Global IT and business process outsourcing services provider Patni has appointed Alison Fry as HR director for EMEA region.
Online candidate database CV Profiles has updated its user interface to further meet recruiters’ needs by including a keyword search as well as improved searches for salary, location and industry
Talent management solutions provider Kronos has launched Workforce Acquisition 8.5 - the latest version of the Kronos selection and hiring tool.