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Staffing quote of the week: Flex labor to improve again in 2015

November 11, 2014

“Growth in Q3 slowed compared to the first half, mainly driven by weaker growth in France and Germany,” Adecco CEO Patrick De Maeseneire said in a conference call with analysts on Thursday to discuss financial performance. “We exited the quarter with revenue growth of 2 percent in September and we saw similar growth in October, both organically and adjusted for trading days. This lower exit rate reflects uncertainty in some parts of Europe. By contrast, activity is improving in North America and we see a more broad-based pickup in our business there. Based on these trends and the re-acceleration of GDP growth that is forecasted for next year, we expect demand for flexible labor to improve again over the course of 2015.”