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

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

As it unveils full-year results the company says employers are hesitant to hire after Labour’s election win

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

It 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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