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Elwood acquires Multi Staffing Services

August 23, 2010

Elwood Staffing Services Inc., a Columbus IN-based provider of staffing services, acquired Multi Staffing Services Inc. in a deal that closed this month.

Mobile AL-based Multi Staffing has five offices in Alabama, Mississippi and Tennessee. It provides industrial and office/clerical staffing.

The combined...

Research from Staffing Industry Analysts

August 23, 2010

The full results of the 2009 Staffing Company Survey are now online in a single report available to corporate members of Staffing Industry Analysts. Also online is an Excel file containing all lists of staffing firms for 2010, including largest and fastest-growing. Other new research includes the latest...

TriNet names new CFO

August 23, 2010

Professional employer organization TriNet named William Porter as CFO. Porter comes to TriNet from Cadence Design Systems where he spent 15 years in several executive roles, most recently as executive VP and chief administrative officer. Porter had also served as Cadence's CFO for nine years.


Staffing firm owner to pay $500,000

August 23, 2010

A Massachusetts court last week ordered a staffing firm owner to pay $500,000 in restitution and serve five years probation, the Massachusetts Attorney General's Office reported Friday.

Tam Vuong and his company, Labor Solutions, pleaded guilty to 65 counts of violating state wage and hour laws and...

Mass layoffs fall in July

August 20, 2010

The number of mass layoff events -- where 50 or more workers are laid off from a single workplace -- fell to 1,609 in July, according to seasonally adjusted numbers released today by the U.S. Bureau of Labor Statistics. That's down 38 from June and down 871 from July 2009.

Initial claims for unemployment...

Acquisition boosts Corporate Resource revenue

August 20, 2010

Corporate Resource Services Inc. (OTCBB: CRRS.OB) posted a jump in revenue thanks, in part, to its acquisition of GT Systems Inc.

The New York-based staffing firm posted revenue of $32.5 million in its fiscal third quarter ended June 30, 2010, up 155.6% from $12.7 million in the same period in the...

IT: Personal referrals beat online networks

August 20, 2010

Among information technology professionals, 65% say word of mouth, personal and internal referrals are a very important or vital source when searching for work, but only 35% said the same for online social and professional networking sites, according to a survey by IT recruitment firm Greythorn, a...

TSR fiscal year revenue falls 14%

August 20, 2010

TSR Inc. (NASD: TSRI), a Hauppauge NY-based information technology staffing firm, reported revenue of $37.0 million in its fiscal year ended May 31, 2010, a decrease of 13.7% compared with the previous fiscal year.

Gross margin narrowed to 17.7% from 18.0%.

Full-year net income at TSR was $199,000,...

Nevada's jobless rate highest for third month

August 20, 2010

Nevada posted the highest jobless rate among all states for the third month in a row in July with an unemployment rate of 14.3% -- up from 14.2% in June, the U.S. Bureau of Labor Statistics reported today.

Michigan registered the second-highest jobless rate in July at 13.1% -- down from 13.2% in June....

People in the news

August 19, 2010

H. Britt Landrum Jr., founder of Landrum Companies, is celebrating 40 years in the staffing industry after starting his firm on Aug. 3, 1970. Landrum started out with one secretary and himself covering his office; now the company has more than 100 internal employees. The Pensacola FL-based Landrum...