Czech firms expect hiring activity to remain subdued in Q4

By bne IntelliNews September 10, 2013

Czech firms expect hiring activity in the last quarter of 2013 to remain subdued, the Manpower Employment Outlook Survey showed.

Local employers remain cautious on new hirings with only 3% saying they plan to take up new staff in the fourth quarter of 2013, down from 5% in Q3. Of the 750 polled companies, 91% said they will not make significant changes in the number of their employees in the October-December 2013 period and 3% said they will cut staff resulting in a net employment outlook of 0, compared to +2 in Q3. In seasonally-adjusted terms, the outlook stayed at -1 for the second straight quarter.

Hiring prospects deteriorated in six of the 10 monitored industry sectors both from the previous quarter and in annual comparison. The most downbeat are companies working in electricity, gas and water supply as well as transport companies. The strongest hiring intentions were reported in mining, agriculture and wholesale and retail trade.

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