Matchtech shares took a bit of a hit last week after the company’s trading update.
As Recruiter went to press, the company’s shares were at a new 12-month low of 164.5p, a 12.5% decrease compared to our previous share table.
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Negotiations are underway to limit the administrative and cost burden of the Temporary [Agency] Workers Directive (TAWD).
Executive recruiter Korn/Ferry International has reported lower-than-expected third-quarter results which could also extend into Q4.
Media and marketing recruiter Xchangeteam has appointed Mike Berry as its new managing director, following a restructuring of its operations.
Emma Brierley, Xchangeteam’s founder and chief executive, will assume the position of chairman and will focus on the strategic direction of the company.
Two of the ‘big boys’, Michael Page and Hays, updated the City during the last period with quarterly announcements. It’s a toss-up as to which announcement contained the grimmest news, with Michael Page’s 38% fall in UK gross profit vying for that dubious honour, against Hays’ 37% reduction in net fee income.
Ten illegal workers have been arrested after a UK Border Agency raid on a sandwich factory in Milton Keynes.
Paul Ross, managing director of industrial, commercial and construction recruiter Barker Ross, which placed the staff at Buckingham Foods, told Recruiter the agency had completed all the necessary checks.
Government body the Gangmasters Licensing Authority has given notice it will revoke the licence of Michael Smith of AAW Contract Services, after finding him “not fit and proper” to hold a licence.
The decision came after a “major investigation” into the treatment of gang labour used to pick flowers in Cornwall and Scotland.
Unemployment in Britain rose again in March, with official figures showing that the number of jobless rose to 2.2m, a 13-year high.
Unemployment is up by 244,000 since December, and by nearly 600,000 in the past year. The unemployment rate jumped from 6.7% in February to 7.1% in March.
The number of people claiming benefits in March climbed 57,000 to just over 1.5 m.
TMP Worldwide is planning a round of cost cutting due to current employment trends.
The global recruitment advertsing giant says its actions reflect general trends in employment within the UK and Ireland recruitment market place. The company is currently talking to employees across its business due to lower client activity and spend.