Europe’s largest recruitment company Hays have reported a loss of 31% in fee income. The recruitment group are specialist is HR, IT and Finance have already announced job cuts this year of 650 and will see a further 250 job cuts over the coming months. The latest round of redundancies will mean that over 27% of the workforce will have been affected.
The Office of National Statistics will reveal next month the number of people that are out of work, this is expected to reach around 3.3 million by the end of 2010 about 10.5 of the UK’s workforce. It is expected that recruitment will stay tough over the coming years.
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