Criticism / Suggestions » the local talent market p

FRANKFURT C.J. McCollum Jersey , April 29 (Xinhua) -- The Germanwings flight crash has left permanent scars on its parent company Lufthansa, the company's chief executive said on Wednesday.


He made the remarks while addressing some 1,500 shareholders at its general shareholders' meeting in the northern port city of Hamburg. "The tragedy has changed us and the scars it has left on our company will remain forever," said Carsten Spohr.


The annual meeting started with a minute's silence to mourn the dead. Spohr said that the company would support the families of the dead.


People who attended the meeting were seen signing their names on a condolence book at the company. The Lufthansa family is mourning, chairman of the supervisory board Wolfgang Mayrhuber said at the meeting.


In a press release, Lufthansa said the shareholders agreed all the nine agenda points at the shareholders' meeting with a large majority.


With regard to the business of the company, the name of Germanwings disappeared. Instead, the company unveiled that it would set up a "pan-European secondary brand, Eurowings", which will develop into number three on the European low-cost market with over 100 aircraft.


The Germanwings flight 4U9525 crashed in southern French Alps when it was flying back to Duesseldorf from Spain's Barcelona on March 24.


Initial investigations found that the co-pilot of the flight was believed to deliberately lowered the height of the flight before he crashed it, killing all the 150 people including 144 passengers on board the flight.


According to the annual report of Lufthansa, the net profit of the company dropped to 55 million euros in 2014 from 313 million in 2013.


Lufthansa needs financial stability with sound profitability. "Our mission is to be the number one choice of our customers, shareholders and staff, and further develop our market position," Spohr told shareholders.


Over the past two years an new series of modern patterns has emerged amongst recruitment trends amongst the financial organizations in Gibraltar. Whilst the actual sort of available jobs in Gibraltar has not changed the emphasis has certainly changed in just what is available also when. This of course has an knock on effect on the kind of financial specialists recruited to function in Gibraltar and even the nature of the function they undertake. These observations were drawn from the personal experiences and accounts of an pool of HR pro?s along with Gibraltar recruitment pro?s – who were interviewed through November and December of 2010.


Certain senior financial professionals have found themselves out of work not just the junior staff. Job losses have taken place right across the full spectrum of Gibraltar finance organizations, no longer just in one specific area. For example Gibraltar jobs have been cut in Fiduciary companies, accountancy also tax tastes also banking houses.


For some organizations this will have proven to be an excellent opportunity to acquire some knowledgeable overseas financial expertise relatively easily. a few start-up wealth management ventures have taken advantage of this pool of available expertise.


Since the close of 2009 many Gibraltar located HR professionals have seen a large increase in just how many firms expanding through undertaking some opportunistic recruitment. It looks like it’s a valuable component in the business plans.


Whilst HR pro?s admit there have been job losses in wealth management in Gibraltar, several pointed out that certain areas of wealth management – like private asset management – are still expanding upon the Rock. Indeed this seemed to be confirmed by the Gibraltar recruitment agencies. They stated that after recruitment for knowledgeable accountants it was Relationship management pro?s that were most in demand. However an obvious trend has been to only recruit those with an existing book of clients and an existing overseas network in place. Indeed an number of responders implied this trend is across all the offshore wealth management industry, for example the same is true for multi- family offices, fiduciary service providers and Gibraltar situated boutique wealth management behavior.


Recruitment agencies will be generally seeing far less voluntary personnel departures and less substitute recruitment activity across all finance disciplines. It would appear lesions from the last economic downturn regarding over zealous “cost cutting” plus firing have been learnt. In many ways it would seem Gibraltar companies are aware of the value of their current staff members along with usually are less likely to make staff members redundant unless absolutely necessary.


There would appear to many opportunities with established off-shore multifamily offices, large along with also small registered wealth management advisers, and in some cases roll-up firms. The key factor here is the need for senior levels of experience also individual that can hit the ground running. Gibraltar located HR experts are all keen to champion the local talent market place also many pointed out that there is an extensive, varied pool of local expertise available to Gibraltar based finance companies. Reading between the lines it would appear companies located on the Rock may recruit from outside when the specific skills set is not available locally.


what is certain that the market for jobs in Gibraltar is still varied, competitive environment where outside skills & experience may be rewarded also created. on the flip side the volume of opportunities available on the Rock is lower then before, the competition fierce – there for to achieve an offshore finance job in Gibraltar it is actually necessary to differentiate yourself.


Christophe Hemmel wrote this for Finance & Operational Recruitment. There site can be found here:


Gibraltar Accountancy Jobs

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