The labour market in Luxembourg remained relatively stable in 2011. Despite Luxembourg’s high concentration of banks and fundmanagement companies, the uncertainty surrounding the Eurozone financial crisis did not adversely impact the local financial market.
Salaries are not expected to increase in 2012 and professionals who were in demand in 2011 – individuals with cost control and accounting, tax knowledge in fund administration and local corporate legal experience – will remain sought-after in 2012.
Providing the Eurozone financial crisis does not escalate further, the recruitment market in Luxembourg will improve in 2012.