Daily News
RCM Technologies Q2 revenue edges up; net income falls on acquisition charge
August 10, 2017Revenue at RCM Technologies Inc. (NASD GM: RCMT) — a provider of engineering, IT and healthcare staffing — was little changed in the second quarter. However, net income fell to $89,000 from $863,000, primarily attributable to a $781,000 charge related to an increase in contingent consideration related...
IC misclassification: Judge rules agents are employees, suit could reach $1 billion (CWS 3.0)
August 10, 2017A federal judge in Ohio ruled American Family Insurance Group’s agents are employees and not independent contractors in a class-action lawsuit that could be valued at as much as $1 billion, CWS 3.0 reports. Judge Donald Nugent upheld an April advisory ruling by a jury, citing American Family’s control...
CDI revenue falls in Q2, acquisition pending
August 9, 2017Second-quarter revenue fell 25.2% year over year at CDI Corp. (NYSE: CDI), the Philadelphia-based provider of IT and engineering staffing that is in the process of being acquired by private equity firm AE Industrial Partners.
The revenue decline was 17.8% when adjusted for the Sept. 2016 sale of its UK-based...
Kelly’s Q2 revenue rises excluding APAC; fastest growth in Europe
August 9, 2017Kelly Services Inc.’s (NASD: KELYA) second-quarter revenue rose 4% when adjusting for the transfer of its Asia pacific joint venture in the third quarter of 2016. Growth was fastest in the Europe, Middle East and Africa where revenue rose 8.7% on a constant currency basis.
Countries with the fastest...
Barrett’s revenue rises 11% in Q1; same-customer sales lag average
August 9, 2017Barrett Business Services Inc. (NASD: BBSI), a provider of staffing and professional employer organization services, reported net revenue rose 10.9% in the second quarter. However, the Vancouver, Wash.-based firm reported that while same customer sales rose over the first quarter, they lagged its historical...
WorkMarket acquires FMS OnForce from Adecco
August 9, 2017WorkMarket acquired fellow freelancer management system firm OnForce from The Adecco Group, the company announced today.
The move is a milestone event for WorkMarket, and signals a broader maturity to the human cloud, WorkMarket CEO Stephen DeWitt said.
“The acquisition of OnForce further expands our...
On Assignment acquires Boston-based clinical/scientific staffing provider Stratacuity
August 9, 2017On Assignment Inc. (NYSE: ASGN), the third-largest provider of clinical/scientific staffing, acquired Stratacuity Staffing Partners Inc., a smaller provider of clinical/scientific staffing that ranked on this year’s list of fastest-growing US staffing firms.
Stratacuity is based in Portsmouth, NH, and...
BelFlex hires former Nesco exec as COO
August 9, 2017BelFlex Staffing Network, a light industrial staffing agency, hired Andrew Deutsch as chief operating officer, effective July 25. Deutsch will work closely with CEO Mike McCaw on strategic initiatives to grow the company in both new and existing markets, and he will focus on expanding the company’s...
Massachusetts temp agency settles overtime case for $42,000 (SouthCoast Today)
August 9, 2017Employment on Demand Agency, a temporary employment agency based in Chelsea, Mass., settled a class-action lawsuit over alleged nonpayment of overtime when an employee was simultaneously placed at two businesses, allegedly working more than 40 hours per week at the two combined, according to a report...
Brazil — New labor laws will generate 1.5 million jobs (Invest in Brazil)
August 9, 2017Invest in Brazil reported changes in Brazil’s labor laws will generate 1.5 million jobs in the next four years, citing a study by Itaú Unibanco. “In international comparisons, Brazil today stands out for having one of the most inefficient labor markets in the world,” the study stated. “We estimate...