ECONOMY

Second quarter hiring prospects gloomy

Second quarter hiring prospects in Greece are weak with intentions in the construction sector’s labour market being the gloomiest, according to survey results released on Tuesday.

Job finders Manpower, which conducts quarterly surveys in 39 countries, measuring employer intentions to increase or decrease staff levels, said that the net employment outlook for the April to June period is minus ten percent.

The figure is derived by taking the percentage of employers who anticipate total employment to increase and subtract from this the percentage of those expecting to see a decrease in employment.

Findings for the second quarter represent a slight improvement from the January to March period but a 10 percentage point drop from the same period in 2010.

?Dim hiring prospects are also evident in the manufacturing sector,? Manpower said in a statement.

Venetia Koussia, Managing Director of Manpower Greece, said that 73 percent of employers plan to keep their current workforce intact over the next three months.

?This is a mildly encouraging increase from the 65 percent who planned to keep their payrolls unchanged during the first quarter,? she said.

On a European level, hiring intentions are strongest in Turkey, Bulgaria, Belgium and Poland, the report added.