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ManpowerGroup Makes New Deal in China

June 14, 2011

ManpowerGroup Inc. (NYSE: MAN) acquired a majority stake in Reach HR, a human resources provider in China’s Guangdong Province and employer of more than 100,000 associates. This acquisition follows other recent announcements by ManpowerGroup of partnerships and an acquisition in China.

Reach HR specializes in manufacturing human resources, and serves Guangdong’s electrical appliance and logistical businesses. Guangdong Province is on the coast and borders Hong Kong. Major cities in the province include Guangzhou and Shenzhen.

“By expanding ManpowerGroup’s presence across China’s new and traditional manufacturing hubs, we will be able to provide critical development and recruitment solutions that address a range of issues affecting China’s overall growth prospects in the manufacturing sector,” said Darryl Green, ManpowerGroup president of Asia Pacific and Middle East. “As China faces some of the most significant change and challenges seen in decades, ManpowerGroup’s own 17-year legacy in the country is quickly evolving into a nationwide provider of a full suite of innovative workforce solutions — from executive search and recruitment process outsourcing, to large volume recruitment and temporary staffing.”

The Staffing Industry Daily News reported last week another acquisition in China by ManpowerGroup and other partnerships as the company also pursues plans to expand into inland China