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Service sector's contraction slows in January

February 4, 2009

Economic activity in the U.S. service sector contracted in January, but at a slower rate than in December, according to the Institute for Supply Management's nonmanufacturing index released today. The index rose to 42.9 in January from 40.1 in December. Index readings above 50 indicate expansion....


Research from Staffing Industry Analysts

February 4, 2009

Here is the latest research from Staffing Industry Analysts. BRIEFING - Analysis of Manpower 4Q08 earnings release*4Q08 U.S. revenue down 15% y/y on an organic basis*France down 21% on ailing automotive industry's cutbacks on CW spend*Right Management thriving, up 20%


Radia Holdings CEO steps down

February 4, 2009

Radia Holdings Inc., a Tokyo-based firm that provides staffing and other services, said its representative director and CEO Takeo Isaji has resigned for personal reasons. Charles Abadie, representative director and chairman, will take on the CEO role as well. Abadie is the former president and CE...


Synergie says revenue up 1%

February 4, 2009

Synergie SA, a Paris-based staffing firm with operations in Europe and Canada, said revenue rose 1% to euro1.2 billion (US$1.69 billion) in 2008. The increase was 2.5% in constant currency. Synergie said its outplacement division's revenue rose 39.5% in 2008. It also acquired Dutch staffing fir...


ASA index falls in January

February 4, 2009

The American Staffing Associations' index measuring temporary employment fell to 73 the week of Jan. 12 from a reading of 81 in the week of Dec. 15. The index measures changes in the number of temporary and contract workers both weekly and monthly. The index's baseline value of 100 was set in Jun...


Comsys plans goodwill impairment charge

February 3, 2009

Comsys IT Partners (NASD: CITP)said it will take a noncash charge for goodwill impairment in the fourth quarter and expects to report a loss for the quarter and the year ended Dec. 28. The charge will cover some or all of the $175.0 million in goodwill the company had as of Sept. 28. The impair...


ABR buys the Kinsa Group

February 3, 2009

ABR Employment Services, a Madison WI-based staffing firm, announced Monday it completed its acquisition of the Kinsa Group and iHobNob.com. The Kinsa Group is a Franklin WI-based executive search firm specializing in the food and beverage industry, and iHobNob.com is a job board for the food a...


Manpower fourth-quarter revenue falls 18.5%

February 3, 2009

Manpower Inc. (NYSE: MAN), one of the world's largest staffing firms, announced today that fourth-quarter revenue fell 18.5% year-over-year to $4.59 billion. In constant currency, the decrease was 10.0%. The fourth quarter included a $37.2 million reorganization charge related to office closures...


Kforce to take noncash charge

February 3, 2009

Kforce Inc. (NASD: KFRC) said Monday it will take a noncash impairment charge of $130 million to $145 million in the fourth quarter, but that fourth-quarter revenue before the charge will come in above its guidance of $230 million to $238 million. The noncash charge is based on goodwill and other...


Manpower fourth-quarter revenue falls 18.5%

February 3, 2009

Manpower Inc. (NYSE: MAN), one of the world's largest staffing firms, announced today that fourth-quarter revenue fell 18.5% year-over-year to $4.59 billion. In constant currency, the decrease was 10.0%. The fourth quarter included a $37.2 million reorganization charge related to office closure...