BusinessCompany NewsAnnual profits falling for Michael Page

Annual profits falling for Michael Page

International recruitment agency expects profits to fall in addition to staffing cuts

Michael Page International – one of the UK’s largest recruitment consultants
and one of the leading recruiters for the accountancy profession – has issued a
stark warning ahead of the release of annual results.

Profits for the recruiter are expected to fall for the first time in five
years, according to
timesonline.co.uk

Pre-tax profits for this year are expected to be £136m – the equivalent of an
8% loss on last years figures.

Michael Page also confirmed plans to cut staff numbers quicker than
originally planned. In October, the company said it would reduce staff numbers
to 5,452, however, it said the final headcount for the year-end would total
5,100.

Further Reading:

HMRC
cuts 3400 jobs, close 90 tax, VAT offices

BDO
Stoy Hayward to cut 250 jobs

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