The latest report from the Chartered Institute of Personnel and Development (CIPD) has found 36% of employers expect to make redundancies in Q1.
Andrew Smith, chief economist at KPMG, says: “The speed of deterioration in the labour market is breathtaking. Higher unemployment will weaken demand which in turn will lead to higher unemployment.”
The renewables recruiter has secured two new contracts, increasing its European business.
James Lindemann, director of Netsource Executive, told Recruiter the company had secured exclusive contracts with E.ON in Germany and recently signed a contract to be a supplier to Siemens.
Harvey Nash has expanded its global executive search and leadership services business into Poland with the acquisition of Fila & Myszel Associates (FMA).
According to Harvey Nash, the new, combined business will serve existing and new clients in Poland, many of which are foreign multinationals with growing investments and operations in Eastern Europe.
Demand for high-level IT staff in the telecoms sector is proving a massive growth area for recruiters.
Matthew Bishop, manager of the telecoms and networks division of multi-sector recruiter Blue Pelican Group, told Recruiter:
A decrease in oil price will lead to wide spread job losses, according to a trade body.
Figures from trade body Oil & Gas UK suggest that the number of wells drilled in the North Sea could be a third of last year’s total of 109. The body blames the combination of decrease oil prices and increases in tax.
Building bust: redundancies in construction are on the up
International engineering firm GKN has announced cut backs in its Hampstead, Walsall and Telford operations.
A spokesperson for the company told Recruiter the redundancies would not affect temporary or contract staff:
Media sector recruiters are trying to help broadcast candidates after ITV’s announcement it would cut 600 jobs, about 15% of its total workforce.
Judith Blair, managing director of media recruiter PCR, told Recruiter:
Creative, media and marketing recruiter Ad Lib has launched a technical division, Ad Lib Techies, specialising in IT professionals in the same industries.
The new division will handle both creative and technical positions.
As business gets to grip with the recession, companies are deploying different tactics to have the best and brightest in their organisation, according to a new report. DeeDee Doke looks into how the new people agenda will affect the workforces of the future