Hays price-fixing fine slashed

1st Apr 2011 15:19

A fine imposed on recruitment group Hays by the Office for Fair Trading (OFT) has been slashed.Hays and six other recruiters were fined for fixing prices and collectively boycotting another company as they supplied candidates to the construction industry. The fine was reduced to £5.88m from £30.36m."The full amount of the fine has already been provided in our 2010 accounts," Hays said."The Hays Board is committed to the highest standards of compliance throughout the business."RG