Impellam Group News Release (12/08/2015)
Impellam Group PLC has agreed to acquire Southfield, MI-based Bartech Holding Corp. and its subsidiaries. Impellam Group is a leading provider of managed services based in the U.K. and North America. Bartech Group is a leading global workforce management and staffing solutions provider.
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
U.S. Bureau of Labor Statistics (12/08/15)
The number of job openings was little changed at 5.4 million on the last business day of October, according to the U.S. Bureau of Labor Statistics. The number of hires was little changed at 5.1 million in October, and the number of separations was little changed at 4.9 million. Within separations, the quits rate was 1.9% for the seventh consecutive month, and the layoffs and discharges rate was 1.2%.
Job openings rose over the year for many industries with the largest increases occurring in health care and social assistance, retail trade, and state and local government.
For this month only, all ASA certification materials and packages are 25% off! There’s no better time to earn the Certified Staffing Professional®, Technical Services CertifiedSM, Certified Search Consultant®, or Certified Health Care Staffing ProfessionalSM credential.
Visit americanstaffing.net/certification to learn more and order your certification materials, using discount code certification2015, by Dec. 31. (The discount cannot be applied to certification renewal fees.)
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