Business Irish

Wednesday 1 October 2014

Blow for job seekers as City vacancies fall

Liam Vaughan

Published 08/01/2013 | 05:00

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JOB vacancies at London financial services companies fell sharply last year as banks cut staff in response to tighter regulation and weaker securities markets, recruitment firm Astbury Marsden said. It's a blow to the hundreds of Irish people who go there every year looking for work in the sector.

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Vacancies in the City and Canary Wharf financial districts were down 35pc to 35,115 in 2012, Astbury Marsden said.

There were about 800 new City jobs available in December, compared with about 1,490 in the same month in 2011.

"Hopefully, we are now behind the worst of the cost- cutting," Mark Cameron of Astbury Marsden, said. "Although banks may still tinker with staffing numbers, most of the obvious and immediate cuts are likely to have now been made."

Irish Independent

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