The long wait for news on the sale of RBI is sapping morale of staff and managers according to insiders. Reed Elsevier CEO has sent recent email that confirms an announcement is expected imminently but the staff are less optimistic and fear that the credit crunch will delay a deal until after Christmas. Meanwhile I undersand that regional offices of star product, Totaljobs have been closed down just 18 months after they were opened.
The downturn has bitten traditional recruitment hard and it seems that job boards are not going to be immune.
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