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Hiring plans to slow globally: Manpower

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Dec 09, 2008:

The pace of hiring is likely to slow across the world and there will be significant decline in employment outlook in countries like India, Singapore and Taiwan in the coming three months, according to a global staffing services firm Manpower.

The Manpower Employment Outlook Survey states that employers in 25 of the 33 countries and territories still expect positive hiring activity in the coming quarter; however, those in 30 say they would slow the pace of hiring from three months ago.

"The global employment picture for the first quarter of the new year is noticeably weaker and the vast majority of employers are telling us that they will take a `wait and see` approach before hiring or further reducing staff," Manpower

Inc Chairman and CEO Jeffrey A Joerres said.

Year-over-year hiring forecasts are also weaker in 25 countries and territories; and employers in 21 countries and territories are reporting the weakest hiring plans, Manpower Inc said.

"Unless they see more positive economic signals they will not add employees and, until then, it will be a rougher road for job seekers," Joerres added.

The Manpower survey of over 71,000 employers revealed that employers with the most active first-quarter hiring plans globally "despite generally weaker hiring patterns" are reported in Peru, India, Costa Rica, Canada, Romania, Colombia, South Africa, Australia, Poland, the United States and China.

On the other hand, employers in Singapore, Ireland, Spain and Italy reported the least optimistic hiring forecasts. Only employers in Canada, the United States and Switzerland are reporting improved employment outlooks from three months ago.

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