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Hiring in London declines aggressively

Hiring in London declined aggressively, as per the International recruitment firm Hays, amid its construction and property clients being somehow reluctant in taking new staff following the Brexit outcome.

Hiring in London on IT and finance fell sharply

Hays deals with candidates on sectors such as IT, and finance, where the sharpest drop was recorded for Q1.

The biggest impact was noted in the city of London where the reported profit for the region was 17% lower during the three months ending Sep. 30.

Hays highlighted further that the hiring activity in the U.K remained as is, despite the rough conditions in the public sector, and the property and construction industries.

Moreover, U.K's and Ireland's gross profit, for the first quarter, dropped 10%, much higher than the expected 4% rate. The firms operating in the U.K are lately cautious on their investment and employment activities.

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Tuesday, 18 Oct, 2016 / 9:15

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/hiring-in-london-declines-aggressively

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