NMC-Nijsse International: come back?

NMC-Nijsse International, one of the first executive search firms in the Netherlands (1983) with offices in nine European cities had to close it’s offices after a court order on July 21st 2009.

The company is added to the long list of Executive Search firms that did not survive the current down turn in the economy. However, it looks like the company will restart its business in the very near future.

In a Dutch paper (De Telegraaf) Berry Nijsse (Board Member) said today that demand for top talent started to decline in April 2008 and decreased rapidly after the credit crunch of summer 2008. In the second quarter of 2009 the number of retained searches were close to zero and the last financial reserves of the companies were drained. The company is expected to return to the market with a smaller outfit as soon as possible.

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