Английская Википедия:Hays plc
Шаблон:Short description Шаблон:Use dmy dates Шаблон:Use British English Шаблон:Infobox company
Hays plc is a British multinational company providing recruitment and human resources services across 33 countries globally. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[1]
History
The company was founded in 1867 as an operator of wharves and warehouses on the south bank of the River Thames.[2] The name can be traced to Alexander Hay, who acquired a brewhouse there in 1651. It was redeveloped as a 'wharf', in fact an enclosed dock, in 1856 and renamed Hay's Wharf. It was rebuilt after the 1861 Tooley Street fire and still stands; it was converted in the 1980s into a shopping and restaurant area known as Hay's Galleria.[3]
The Kuwait Investment Authority acquired an indirect 34% holding in the company in 1975, increased to 100% in 1980,[2] chiefly to acquire the property assets on the south bank of the Thames, which were sold to St Martins Property Group in the early 1980s.[4]
To develop the management team for the services group,[4] the Kuwaitis backed Hays' acquisition of Farmhouse Securities, a food distribution business owned by Ronnie Frost, and Hays then moved into chemical distribution, commercial distribution and office support services with Frost and Peter Roberts as directors.[5] In 1986, it purchased a personnel business called Career Care Group, which had been founded by Dennis Waxman.[6] Hays was also growing its business storage services which included the brands "Hays Wharf" and "Rentacrate". In 1987, a long-planned management buyout was completed,[4] and the company launched an initial public offering in 1989.[2] Ronnie Frost managed the combined services group from 1987 until he retired in 2001.[5]
In March 2003, Hays announced that, following a strategic review, it intended to reposition itself purely as a specialist recruitment business and that the company would dispose of all non-core business, including its commercial and logistics operations.[5] Following Hays' change of focus to a recruitment company, Denis Waxman became CEO in July 2004.[6] In November 2004 Hays de-merged its DX delivery network which represented the final step in the transformation of Hays into a recruitment business.[7] In November 2007 Waxman retired and was succeeded by Alistair Cox.[8]
Current operations
Hays is a specialist recruitment group with operations in the UK and Ireland, Continental Europe (in Germany pronounced Hei(s), as health=Hei(l)), the Americas and Asia Pacific regions.[9] It has a fairly equal balance of work in temporary and permanent recruitment, which contributes to financial stability through business cycles.[10] Hays operates in 33 countries.[11]
Involvement in price-fixing
In 2009 the Office of Fair Trading imposed a £30.4m fine against Hays for its involvement in price-fixing. The firm, along with five other recruitment firms, formed a cartel called the Construction Recruitment Forum which agreed to boycott Parc, a new company that had entered the market in 2003 to act as an intermediary between construction firms and recruitment firms. The six firms received fines totalling £39.3m, Hays receiving the biggest fine.[12] Hays had its fine cut by the Competition Appeal Tribunal from £30.4m to £5.9m following an appeal against the level of a fine imposed by the Office of Fair Trading in September 2009.[13]
References
External links
Шаблон:FTSE 250 Index constituents Шаблон:Authority controlШаблон:Labour Hire
- ↑ Шаблон:Cite web
- ↑ 2,0 2,1 2,2 Hays plc International Directory of Company Histories
- ↑ Шаблон:Cite web
- ↑ 4,0 4,1 4,2 Шаблон:Cite news
- ↑ 5,0 5,1 5,2 Breaking up the house Ronnie builtШаблон:Dead linkШаблон:Cbignore The Independent, 5 March 2003
- ↑ 6,0 6,1 Common sense will take you far BBC News, 28 November 2004
- ↑ Hays unveils £250m payout Daily Telegraph, 4 June 2004
- ↑ New Hays CEO Recruiter, 5 June 2007
- ↑ Hays recruitment grows everywhere but UK and Ireland Daily Telegraph, 7 April 2011
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite web
- ↑ Recruitment firms fined £39m for price-fixing The Independent, 30 September 2009
- ↑ Шаблон:Cite web
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