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Crunch forces execs abroad
August 14, 2008
Senior company executives are moving abroad to further their careers because of the economic downturn gripping the UK, according to a new report today.
A study of job moves by more than 13,000 bosses showed that more were seeking work overseas rather than filling vacancies in this country.
Recruitment website Experteer said its study showed that Switzerland had the most attractive economy for executives.
Firms in France and Germany were also reporting an exodus of senior staff, according to the research.
Torsten Muth, UK managing director of Experteer, said: “It is clear that the credit crunch has hit the UK hard.
“We have seen a significant increase in interest for overseas job placements.
“Talent is now far more mobile and we see increasing numbers of footloose highly talented individuals willing to relocate across Europe.”
