Hays net fees fall 8 percent on weak German hiring demand
British recruiter Hays reported an 8 percent fall in third-quarter net fees due to weak demand in Germany. The firm expects annual profits to meet forecasts.
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The British recruitment firm HAYS PLC reported an 8% decline in net fees during the third quarter, citing persistent weakness in hiring demand within Germany, its most significant market. The downturn reflects a broader trend of cautiousness across the European labor market as economic and geopolitical factors weigh on corporate decision-making.
