Consultancy snaps up surplus skillOn 21 Aug 2001 in Personnel Today An HR consultancy has come up with a novel response to the current economicdownturn and a depressed share price – it has stepped up its recruitment. Frank Varela, chairman and chief executive of Longbridge, noticed that rivalcompanies were making skilled staff redundant, and decided to make the most ofthe opportunity. He said, “There are excellent opportunities to take advantage of otherpeople’s strategy. If they are going to let good people go, then we want tohire them.” Longbridge intends to add 30 staff to its existing 120. The company, whichis listed on the AIM index, is recruiting despite having seen a fall in itsshare price this year. It blames the share price on market sentiment, andreported a 50 per cent rise in turnover for 2000 in April. “It is the board’s decision – rather than reduce headcount and costs,we have to outperform our sector in the long term,” Varela added. Previous Article Next Article Comments are closed. Related posts:No related photos.