Construction recruitment firm Hays has made a 拢30.4m provision for a fine it received from the Office of Fair Trading (OFT) last year.
The penalty was handed out by the OFT to six recruiters for price-fixing and the collective boycott of another company in the supply of candidates to the construction industry.
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A statement from the firm said: 鈥淗ays co-operated fully with the OFT in its investigation under the leniency regime and was fined 拢30.4m. The Group is appealing the decision and whilst in progress, the 拢30.4m fine is being held on deposit by Hays.
鈥淭he fine has not yet been paid and a current liability of 拢30.4m is held on the balance sheet within trade and other payables, pending the outcome of the appeal.鈥�
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