Diary of…Carl Booth
Managing director,
Swindale Parks
Recruitment
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With valuations still well their below their peak, the elephant in the room remains the acquisition intentions of Adecco, whose new chief executive Patrick De Maeseneire started work at the beginning of June.
Almost 60% of firms are planning to cut or freeze pay, according to the CBI, while a similar number have put recruitment on hold.
But industry bosses added that companies and workers are co-operating in an unprecedented way to ride the recession, with staff accepting flexible working practices to avoid job cuts.
Global contingent workforce management company Albany has extended its footprint to provide services in China, the company announced today (30 June).
With the move to Shanghai, Albany has acquired a difficult-to-obtain HR Human Resource Management and Deployment licence which the company says enables it to offer its services in compliance with Chinese regulations.
Ambitious recruitment owners are realising that having a ‘wise owl’ to call on is essential, especially in challenging times. Vanessa Townsend looks into whether the role of the non-executive director is the elixir for businesses
The EU slashed some 125,000 jobs and created just 31,000 in the last quarter, according to Eurofound’s European Restructuring Monitor (ERM).
The monitor also shows that unemployment is rising less sharply in some EU Member States along with restructuring related job losses, further evidence that the situation may be stabilising.
The number of 18-24-year-olds now classed as neets (not in employment, education, or training) has increased by 105,000 in the past year to 835,000, according to the Department for Children, Schools and Families (DCSF).
The DCSF figures show that one in six young people are now neets, 17.6% of all 18-24-year-olds in the UK.
A recruiter who racked up £750,000 in debt and kept incomplete financial records has been sentenced to nine months in prison at Reading Crown Court. Amir Hussain, 39, of Northern Road, Slough, the sole director of Crownwell, was convicted for misconduct in the course of the company being wound up in September 2004.
Impellam Group has announced a loss of £1.4m for the six months ended 30 June 2009.
Turnover fell 2.8% to £501m (£515m : 2008) and gross profit was down 11.4% to £83.6m (June 2008: £94.5m). Operating profit was £0.5m (June 2008: loss £0.1m).
Fees from permanent placements fell 50.9% to £7.9m (June 2008: £15.9m), and now represents 9.4% of gross profit (June 2008: 17%).