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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Multilateral lender IIB to place its inaugural transaction in Czech koruna

Moscow-based development bank International Investment Bank (IIB) has priced its denominated private placement transaction with three-year floating rate notes in koruna of CZK501mn, the bank said in ... more

ArcelorMittal proposes to divest assets in Czech Republic, Macedonia and Romania

International steel and mining company ArcelorMittal said on April 13 it has proposed a divestment package to the European Commission in a bid to obtain approval for its planned acquisition of ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more

Most Read

  1. Romanian developers get in the game
    2 days ago
  2. Putin and Trump trying to walk back Syria strike and sanctions tensions
    3 days ago
  3. What’s the cost of US sanctions on Russia?
    4 days ago
  4. E-commerce dramatically eats into foot traffic at Moscow’s leading shopping malls
    15 days ago
  5. Romania entrepreneur aims to put home-grown UAV defence technology industry on the map
    4 days ago
  1. Fears raised of US conditioning F-35s sale on Turkey cancelling S-400 deal with Russia
    24 days ago
  2. COMMENT: Whisper it – ‘Erdonomics’ could be driving Turkey to a meltdown
    11 days ago
  3. KRUK REPORT: Nadia Savchenko, Ukraine’s fallen hero
    29 days ago
  4. Romanian developers get in the game
    2 days ago
  5. Putin and Trump trying to walk back Syria strike and sanctions tensions
    3 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss