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Latest News

Employment agencies threatened by recession

by Personnel Today 8 May 2001
by Personnel Today 8 May 2001

A fifth of all employment agencies are at serious risk of
failure even if the anticipated recession is only short down turn, according to
research.

A study by analysts Plimsoll Publishing shows that 770 out
of the 2,095 companies in the industry are at high risk of failure, with 428
receiving a “danger” rating.

“If the economy does tighten up in the second half of the
year, many of these companies already under pressure from normal business
hazards will fail,” said Don Turkington, managing director of Plimsoll.

The study also gave 845 companies “strong” or “good”
ratings, suggesting that would be likely to survive a recession.

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www.plimsoll.co.uk

By Richard
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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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Personnel Today
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