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Dutch Revenues Drop 25%

Dutch Revenues Drop 25%

Revenues in the Dutch temporary staffing market fell 25 percent in the four-week period to May 17, driven by continued weakness in the industrial and technical sectors, staffing association ABU said on Tuesday.
Hours worked in the Dutch staffing market fell 28 percent in the four-week period.

In the industrial sector, sales fell 35 percent, and the technical sector recorded a 33 percent drop in sales, ABU said.

Recruiters including USG People and Randstad are seeing sales come under pressure as companies cut back on hiring workers in the economic slowdown.
ING analysts said in a note that the results were a slight disappointment, given some signs of recovery in the U.S. and French labour markets. The added that they expect a trough in the third quarter for the temporary staffing market.

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