Hays profits plunge 90% as UK recruitment remains ‘subdued’

Hays profits plunge 90% as UK recruitment remains ‘subdued’

As it reports annual results, firm says recruiting and consultancy services have failed to rebound since election

The recruitment firm Hays has warned that UK employers are still hesitant to hire staff in the wake of Labour’s election win, as the company reported a more than 90% plunge in annual profits.

Hays said it had experienced “increasingly challenging market conditions” throughout the 12 months to June, due to caution among businesses and workers considering job moves.

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