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Latest News

City job cuts coming to an end

by Personnel Today 3 Mar 2004
by Personnel Today 3 Mar 2004

Massive
job cuts in the City of London may be coming to an end as companies start to
take on more staff, according to recruitment company Robert Walters.

Thousands
of jobs were lost over the past three years as the stock market slumped, with
IT, lawyers, accountants and investment banks being the worst hit.

The
recruitment company said there is a shortage of accountants and IT specialists
in particular, and companies are more willing to hire temporary workers as
business improves.

Robert
Walters, chief executive of the recruitment company, said there was more
optimism now than there had been in several years.

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"In
the past couple of years, everyone has wanted to stay put as moving elsewhere
was a leap in the dark," he said. "People are starting to become more
confident about switching jobs."

By Michael Millar

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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