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Randstad Reports Solid Final Quarter of a Challenging Year

Randstad News Release (02/14/13)

Randstad reported a net loss of €97 million in the fourth quarter of last year, down 490% from the same period in 2011, following a goodwill write-off of almost €140m. Over 2012 as a whole, Randstad reported a net profit of €36.7 million, down 79% from 2011. Revenues for the year rose 5% to €17 billion.

North American revenue stood at €992.2 million for the fourth quarter of 2012, down 1% from the same period in 2011. While revenue growth was flat, gross profit in the fourth quarter expanded by 4% compared with the fourth quarter of 2011. Over the entire year of 2012, North American revenue increased by 4% to €3.947 billion.

Revenue of Randstad’s combined U.S. commercial staffing business contracted by 1% in the fourth quarter of 2012 after a 4% gain in the third quarter. U.S. professional sector business grew by 2% per working day in the fourth quarter, compared with a 4% increase per working day in the third quarter.

Staffing 360 Solutions Executes Acquisition Agreement With IDC Technologies Inc.

MarketWatch (02/14/13)

Staffing 360 Solutions Inc. announced today that it has executed an acquisition agreement with IDC Technologies Inc. and its sole shareholder and chief executive officer Prateek Gattani. IDC is a California-based staffing services corporation with approximately $45 million in annual revenues. IDC will become a wholly owned subsidiary of Staffing 360 Solutions.

Jobless Claims in U.S. Last Week Fell More Than Forecast

Bloomberg (02/14/13) Shobhana Chandra

The number of Americans who applied last week for new jobless benefits fell sharply. Applications for initial unemployment benefits sank 27,000 to a seasonally adjusted 341,000 in the week ended Feb. 9, the U.S. Department of Labor reported today. The level of filings was lower than any projection in a Bloomberg survey in which the median forecast was 360,000. Claims are now just slightly above a five-year low. The average of new claims over the past month, meanwhile, edged up by 1,500 to 352,500.

Joint U.S. Cyber Command to Hire Thousands of Troops, Civilians

Defense News (02/12/13) Andrew Tilghman

The Pentagon intends to hire thousands of workers in a massive expansion of the joint U.S. Cyber Command, the armed forces’ centralized command of cyberspace operations. Approximately 80% of the jobs will be for service members and 20% for civilians. “People are going to fight for these jobs,” says Alan Paller, director of research at the SANS Institute, a private school that trains cybersecurity experts for the military and private businesses. “This wouldn’t have worked just a few years ago, because no one thought there were great careers in cyber,” Paller says. “That has changed.”

What ASA Member Benefits Are You Missing Out On?

The benefits of ASA membership cover so many aspects of your business that the association has created the Membership Matters page to give you a quick and comprehensive look at all the resources that could be at your fingertips right now.

Among the top benefits of joining ASA today: free ASAPro webinars and more than 150 free courses for your entire staff. ASAPro webinars qualify for continuing education hours toward ASA certification renewal.

For additional information, contact ASA at 703-253-2020 or asa@americanstaffing.net.