Business
Business Update
Business Update.
About this update from Staffline Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 4695H\n Staffline Group PLC\n 25 March 2020\n \n \n \n 25 March 2020\n \n \n STAFFLINE GROUP PLC\n (\"Staffline\" or the \"Company\")\n \n Business Update\n \n \n Staffline, the recruitment and training group, provides the following update on both trading and the impact of the COVID-19 pandemic.\n \n \n \n \n \n Market and COVID-19 update\n \n \n \n \n \n As a result of the very early development of the COVID-19\n pandemic,\n \n the Company's Recruitment business is experiencing significant variance between customer segments. There is a marked increase in demand in the food sector, including food processing, logistics and supermarkets. While this increase in demand may be temporary, Staffline is well-placed to respond to this sudden and unpredicted surge in consumer demand given the size of the Company's database, geographic reach and technology-enabled operating platform. Furthermore, the Company has launched a new web-based platform to act as a coordination point between displaced workers from the travel and hospitality sectors, providing live opportunities in the food supply chain. Through Staffline's dedicated site, \n \n www.feedthenation.co.uk\n \n ,\n the Company has been able to connect displaced workers immediately with the vital roles required in the food supply chain. \n \n \n \n \n \n Conversely, demand from other sectors such as retail, automotive and manufacturing has diminished considerably with the Group's limited exposure to white collar and permanent recruitment also impacted. It is too early to assess the net impact of these changes in demand mix. The Company is in the process of conducting a bottom up reforecasting exercise incorporating these considerations. \n \n \n \n \n \n Within PeoplePlus, well-developed business continuity and resilience plans mean that the business can continue to operate the majority of the division's services despite recent 'isolation measures', according to customer requirements, including through digital delivery models. The Company's predominately central, local and devolved Government funding streams mean that the Group is having positive discussions in how these will be sustained through this exceptional period. Whilst not all discussions are yet concluded, some funders have already co...