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A Fragile Automotive Market

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We also believe that the automotive recruitment market is very fragile at this time with the continuing uncertainty of the global markets, mainly due to issues in the USA and the European debt crises. This too of course is having the effect of making consumers very unsure with regards to making purchases of high value goods. This in turn has a knock on effect within the recruitment sector with candidates trying to "stay put" in roles to maintain job security and therefore our automotive clients are holding back on recruitment as they continue to cut costs. We expect this trend to continue until at least the second quarter of 2012 with a very tough final quarter of 2011 for all.