The white-collar recruitment organization, Michael Page International, waved off the tensions related towards the double-dip recession and marked an inclination in the demand for enduring staff.
Michael Page which is the UK's second-largest recruiting group expressed that the appointing bustle had augmented in the banking, sales, retail and legal professions, boosting up its second-quarter profits by a third. The ricochet was the sturdiest in the Asia-Pacific and the Americas regions.
One of the leading recruiting firms in London has said that Banks have resumed hiring at a much higher level when compared to last year.
A professional services recruiter, Michael Page has said that it is seeing requests to fill twice the number of banking jobs when compared to a year ago. Resumed hiring shows the difficult period in the sector is coming to an end.
Steve Ingham, chief executive of the firm said that banks which cut payrolls severely during the financial crisis are now beginning to scale up operations in London again.
Michael Page, UK's second-biggest recruitment agency has registered a 49 per cent fall in profits to £43.2 million for the first six-month of the current year.
Michael Page's revenue plunged 27 per cent to settle at £364.7 million.
Michael Page showed a profit worth £43.2 million for the first half of 2009, down from £84.1 million for the same period in 2008.
The agency has trimmed down its workforce by 26 per cent to 1,220 in the England.
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