Global hiring under pressure as trade war, Brexit and weakening motoring sector take their toll

Uncertainty caused by the US-China trade war, a weakening motor sector and Britain’s exit from the EU has caused companies to cut spending on hiring staff, global recruitment giant Adecco has said, as it reported a drop in third-quarter revenue.

Adecco, which vies with the Netherlands’ Randstad as the world’s largest staffing company, said its revenue fell 4% in the three months to the end of September when adjusted for currencies and trading days.