The FMCG sector has remained relatively stable for the first half of 2009 while other markets, for example luxury goods, have experienced greater volatility due to the global economic downturn. Hiring freezes have been the norm in some markets but we are now beginning to see some encouraging signs.
Within the Information Technology & Telecommunications (IT&T) sector, many US-based software and hardware vendors have implemented global hiring freezes and a number made considerable staff reductions in early 2009. The exception to this has been the Chinese telecommunications market, where consumer demand for mobile and fixed line services continues to drive sales and hiring activity... download full report to read more
