 |
BriefingsMishcon de Reya Recruitment Watch - September 2009
WelcomeWelcome to the September 2009 edition of Mishcon de Reya's Recruitment Watch, prepared by the Firm's Recruitment Services Group. Its aim is to provide those involved in the recruitment sector with a snapshot of what has been happening in the world of recruitment in the last month. NewsPolicy The prime minister has committed the government to legislating on agency workers’ rights in the next parliamentary session but has not confirmed when they would look for the legislation to be implemented. Market The Recruitment and Employment Confederation and KPMG Report on Jobs has shown an increase in the number of permanent and temporary job appointments during August. Trends / PracticeIncomes Data Services has said that it is unlikely that private sector employers will impose a second year of wage freezes. The Interim Management Association’s Ipsos MORI report has shown that public sector interim management placements have overtaken private sector ones for the first time since recording started in 2006. CompaniesAdecco looks close to completing its acquisition of technical recruiter Spring, with the court meeting and general meeting to approve the takeover taking place on 30 September 2009. Network Group Holdings has reported a loss of £905,000 after tax for the six months to 31 May 2009. Hays has reported a 43% drop in profits to £151m for the 12 months to the end of June following a sharp fall in net fees. Robert Walters reported a fall in revenue from £170m to £142m for the six months to the end of June. Legal DevelopmentsHogarth Davies Lloyd is suing the London division of Nomura over allegations that it has failed to pay a £90m bill for HR work done in connection with attracting staff from Lehman Brothers when the bank collapsed last year. Mishcon de ReyaMishcon de Reya's Recruitment Watch is published by the Recruitment Services Group of Mishcon de Reya Solicitors who were established to meet the demands of their clients within the recruitment sector. The Group is made up of cross departmental specialist lawyers who are able to meet the diverse legal needs of the recruitment industry, with wide and varied experience within the sector and who have a proven track record in being able to meet the growing demand for a one-stop service amongst their recruitment clients. |
IMPORTANT: This briefing note is only intended as a general statement of the law and no action should be taken in reliance on it without specific legal advice. |