Adecco Reports Q1 2013 Results
Adecco Group News Release
Adecco Group reports revenues of €4.6 billion for the first quarter of 2013, down 8% in constant currency from the same period a year ago. The company also reports €81 million in permanent placement revenues, down 9% in constant currency, and €71 million in revenues for its career transition business, up 5% in constant currency. Meanwhile, net income was €67 million, down from €112 million during the first quarter of 2012.
Adecco’s North America revenues totaled €888 million for the quarter, up 2% organically (+4% organically adjusted for trading days). General staffing revenues rose 2% in constant currency, professional staffing revenues climbed 2% organically, information technology professional staffing increased 5% organically, medical and science surged 14% in constant currency, finance and legal slipped 4% in constant currency, permanent placement staffing jumped 14% in constant currency, and engineering and technical was flat year-on-year.
Hudson Global Reports 2013 First Quarter Results
Hudson Global Inc. News Release
Hudson Global Inc. reported revenue of $165.7 million for the first quarter of 2013, down 17.4% from $200.6 million during the year-ago period. The company posted a net loss of $8.2 million, compared with a net loss of $3.2 million in the first quarter of 2012. Hudson Americas’ revenues totaled $37.2 million for the first quarter of 2013, down from $45.2 million during the first quarter of 2012.
Labor SMART Inc. Acquires Operating Assets of Florida-Based Qwik Staffing Solutions
Labor SMART Inc. on May 6 announced that it has acquired substantially all of the operating assets of Florida-based Qwik Staffing Solutions Inc. The acquisition adds three additional branches located in Jacksonville, Orlando, and Tampa, FL, bringing the company’s latest branch count to 13 branches located in eight states.
Jobs Gains Are Strong, Wages Not So Much
Wall Street Journal
(05/06/13) Kathleen Madigan
Employers are relying more on temporary employees rather than hiring permanent staff, so even though the jobless rate has declined to 7.5%, some observers are concerned. Many of the recent employment gains came from the temporary-help sector and from low-wage sectors such as retail. Higher paying jobs in manufacturing were in short supply, and federal, state, and local governments cut jobs.
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