Monday, August 4, 2008

Downturn starts to hurt Job Boards

The Guardian reports that Johnston Press is making eight redundancies as it closes the London sales office of its jobs board business.

It is hardly news that regional newspaper groups are having a tough time. but surprising that recruitment - and online recruitment at that, is in the firing line. In the pre online world, it used to be said that when GDP growth falls below 2%, there is a recruitment ad recession. It looks like that may be true in the on line world too.

We might pay particular attention to this news and whether it might mean that RBI's TotalJobs is also feeling the pinch and how that might affect the sale process.

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