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Recruitment giant Michael Page, which has shed almost a third of its own staff over the past year as first the financial crisis and then recession gripped its clients, today suggested the pain may be coming to an end.
In the UK it started taking on new headhunters for the first time during September as the banking and then the other financial sectors began to stabilise.
In the Americas and the Far East the business actually moved back into growth. Across the group gross profits have fallen sequentially by £23 million, £23 million, £11 million and £1.6 million in each of the past four quarters.
That indicates that the worst of the slump is now well behind it.
Chief executive Steve Ingham said he was not planning any more jobs cuts.
He added that he expected to see selective hirings in areas where the group could boost its market share.
Ingham said: “We are well positioned for growth when economic conditions improve.”
