International recruiter Randstad has announced a loss in the first quarter of 2009.
The company reported a net loss of €52.6m (£46.7m) compared to a €75.1m (£66.7m) net profit a year ago.
In what the company described as “a difficult quarter”, revenue dropped by 28% to €3.1bn compared to a pro forma figure - which is adjusted for the acquistion of Vedior - of €4.2bn.
Among those taking the plunge are John Bowmer and Tony Reeves, the non-executive co-chairmen at Kellan Group, who each purchased 375,000 shares at a price of 4.375p on 17 April. The shares have since jumped to 10p.
Frozen food retailer Iceland Frozen Foods has chosen Jobtrain Solution’s e-recruitment system to handle recruitment across its UK operations.
Celebrate: Even if firms didn’t win, everyone at the Recruiter Awards let their hair down
Hats off to you with your honest reporting of a typical week in the life of a recruitment business owner (Recruiter, 29 April, ‘Diary of…’). I, like yourself, run my own recruitment business and I am finding that the current climate is ‘testing’ the boundaries more than ever.
University graduates are shunning the graduate job market due to concerns about job prospects, according to business advisory firm Deloitte.
When times get tough, communication and performance management are fundamental to maintaining your employer brand
Five years’ growth has been wiped off recruitment firms’ permanent revenues, as turnover has dropped by £2.3bn in 12 months.
Data from Recruitment Industry Benchmarking (RIB) found members’ permanent revenue fell by 53.2% compared with the previous year, reverting back to 2004 levels.
The key themes that have driven staffing share prices higher this year remained intact over the past fortnight. Although the trading environment remains tough, glimmers of light are emerging in a few corners of the labour market and forward looking indicators of economic activity continue to positively surprise.
Right4Staff made after tax profits of £2.303m in the year ending 31 December 2008. This was a sllght decrease on the previous year’s figure of £2.537m.
However, profits before tax rose from to £3.8m from £3.5m in 2007/2008.
Turnover fell from £99.7m to £91.5m.