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|8 million companies in Europe would hire more employees if they got faster payment from debtors|
|Tuesday, 26 May 2015|
Every third company in Europe would be able to hire more employees if they got paid faster by their debtors. It appears from the debt collection company Intrum Justitia's European Payment Report 2015, based on questions about payment answered by 8979 companies in 29 countries. 32 percent answered yes to the question "Would you hire more if you got the invoices paid faster?" This corresponds to 8 million businesses in the countries surveyed.
”There are 25 million companies in the countries included in our survey. If we relate this to the fact that there are 23 million people without a job in the EU, one can conclude that if every company employed one more the unemployment would be erased - a theoretical yet interesting assumption. Our survey indicates that 8 million companies would probably employ at least one more if they received faster payments. This example illustrates the great importance of payment issues and payment management”, comments Lars Wollung, CEO & President of Intrum Justitia..
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