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Adcorp suspends CFO

October 23, 2009

Adcorp Holdings Ltd, a South Africa-based staffing firm, reported CFO Faunce Burd has been "suspended pending a hearing relating to actions leading to a breakdown in relations with certain other directors." CEO Richard Pike will serve as acting CFO. Adcorp ranked No. 62 on Staffing Industry Anal...


Survey: 20% say firms will hire in quarter

October 23, 2009

About 20% of human resources professionals said their companies plan to hire in the fourth quarter, according to the labor market outlook quarterly survey by the Society for Human Resource Management. Another 14% planned to cut jobs, and 59% said their firms would maintain staff levels. "HR mana...


Survey: 20% say firms will hire in quarter

October 23, 2009

About 20% of human resources professionals said their companies plan to hire in the fourth quarter, according to the labor market outlook quarterly survey by the Society for Human Resource Management. Another 14% planned to cut jobs, and 59% said their firms would maintain staff levels. "HR mana...


Attorneys general threaten FedEx suit

October 23, 2009

Attorneys general from New York, New Jersey and Montana announced Tuesday they plan to sue FedEx Ground Package System Inc. after Oct. 27 over its classification of drivers as independent contractors. The attorneys general argue the drivers should be treated as employees not contractors because...


U.S. leading index rises 1%

October 22, 2009

The Conference Board's U.S. leading economic index released today rose 1.0% in September -- its sixth straight month with an increase -- and now stands at 103.5 (2004=100). "The [leading economic index] has risen for six consecutive months and the coincident economic index has increased in two o...


Robert Half revenue dips 37%

October 22, 2009

Robert Half International Inc. (NYSE: RHI) reported third-quarter revenue fell 37.4% to $725.9 million from $1.16 billion in the third quarter of last year. At the company's Robert Half Finance & Accounting division, which specializes in direct hire, third-quarter revenue fell 60.4% over the yea...


October 2009 marketing blog

October 22, 2009

Layoffs, pay cuts and brand loyalty are discussed by Staffing Industry Analysts Head of Marketing and Interactive Services Hinda Chalew in The Contingent Blog. For the full blog, click here.


TrueBlue revenue down 27%

October 22, 2009

Third-quarter revenue fell 26.6% at industrial staffing firm TrueBlue Inc. (NYSE: TBI) to $284.8 million from $387.9 million in the third quarter of last year. Gross margin at the Tacoma WA-based firm narrowed to 29.0% from 29.7%. Net income slimmed 49.6% to $8.2 million from $16.3 million in th...


Beige Book: Labor markets remain weak

October 22, 2009

Labor market conditions were weak or mixed despite a few encouraging signs, according to the Federal Reserve Beige Book report released Wednesday. Staffing firms in the Dallas Federal Reserve district reported improvement in contract and temporary employment. However, a large New York employment...


Eastridge buys California staffing business

October 22, 2009

The Eastridge Group of Staffing Companies reported it acquired certain assets of Southern California firm Abigail Abbott Staffing Services Inc. effective Oct. 12. Terms of the transaction were not announced. The Abigail Abbott businesses acquired in the deal will become Abbott Staffing Group, a...