Homes and Property | Home Page

Hotgroup to buy rival jobs website

RECRUITMENT agency Hotgroup is expected to announce the £6 million acquisition tomorrow of rival jobs website Workthing from Guardian Media Group.

The deal will propel Hotgroup, listed on the Alternative Investment Market, to pole position in the fast-growing online recruitment market ahead of Jobsite, bought for £36 million this year by The Mail on Sunday owner Associated Newspapers.

Workthing's sale represents a major U-turn by GMG, owner of The Guardian and Observer newspapers. GMG invested an estimated £44 million in the website to protect its print-based classified advertising revenues.

Hotgroup will also access Workthing's Peoplebank software, which allows employers to sift through online CVs.

Hotgroup's websites, such as Planet Recruit and Gisajob, have expanded rapidly with a string of deals, driven by 900,000 'hits' a month from jobseekers.

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Sign up you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy notice .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in

MORE ABOUT

Associated Newspapers
Employment
Internet
Investment
The Guardian