International
recruiter Michael Page has reduced staff headcount in response to
difficult labour market conditions, the firm said in its interim
management statement.
The company reported a fall in profits year on year for the second and third quarters of 2012.
he largest drop in profits was in the EMEA region (Europe, Middle East and Africa), which accounts for nearly 40 per cent of the group’s income.
Group profits from placing workers in permanent roles fell by 13.2 per cent in the third quarter of 2012 compared to the year before, while income from temporary placements in the same quarter of 2012 fell 4.5 per cent compared to 2011.
Nikita Singh
PGDM-III
The company reported a fall in profits year on year for the second and third quarters of 2012.
he largest drop in profits was in the EMEA region (Europe, Middle East and Africa), which accounts for nearly 40 per cent of the group’s income.
Group profits from placing workers in permanent roles fell by 13.2 per cent in the third quarter of 2012 compared to the year before, while income from temporary placements in the same quarter of 2012 fell 4.5 per cent compared to 2011.
Nikita Singh
PGDM-III
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