Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Mike Page, 2nd Largest Recruiter: No Green Shoots

Recommended Posts

http://uk.biz.yahoo.com/07072009/325/micha...bilisation.html

LONDON (Reuters) - Michael "Mike" Page , the country's second-largest recruiter, said it had seen a stabilisation in some markets but did not expect a firm recovery until next year.

"It (recovery) won't be before the fourth quarter and I suspect it could well be into next year some time," chief executive Steve Ingham told Reuters in an interview.

Michael Page, which specialises in placing professional staff, said conditions generally had continued to weaken in the second quarter but the rate of decline had slowed in Britain, which accounts just over a third of its profit.

"I wouldn't say anything is green (shoots) out there but there's some stabilisation which is reassuring," Ingham said.

The company has axed about a third of its staff over the past year to cut costs in response to market conditions. About 1,800 employees have gone.

No job: no mortgage payment.

No mortgage payment: more houses for sale.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   288 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.