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UK – Network Group Holdings agrees to takeover bid by LDC

3 February 2012

British staffing and outsourced services provider Network Group Holdings plc (LON:NGH) said today it had agreed to a takeover bid by private equity firm LDC Investors which values the company at £19.6 million (€23.6 million). The price is at a premium of nearly 40.5% to yesterday’s closing stock...

World – Kelly shares tumble despite solid results

3 February 2012

Kelly Services (KELYA:NSQ), a provider of workforce solutions, exceeded analysts’ expectations for its fourth quarter results, which totalled $1.4 billion, a +5% increase from $1.33 in the corresponding quarter in 2010. The firm’s revenue for the full year amounted to $5.6 billion, up +12% from 2010. ...

UK – Gangmaster loses license over bogus self-employment sham

3 February 2012

A recruitment agency classified as a ‘gangmaster’, has lost its license for supplying restaurant chains, including Loch Fyne, with workers who claim to be “self-employed" in order to save their employers money on tax. In the UK, gangmasters are a special category of staffing business providing...

Germany – BMW in court over reduction of temporary staff

3 February 2012

The committee of the Leipzig BMW branch wants to “take action against the extensive use of temporary workers” in the company. Council chairman Jens Köhler told a local radio station in Saxony that over 40% (1,120 workers) of employees at BMW Leipzig are temporary workers. “This is not acceptable”,...

The Netherlands – Staffing firm StudentenWerk sees 39% growth in 2011

3 February 2012

Despite the economic crisis last year, the Dutch employment agency StudentenWerk, reported record revenues of €60 million for the 2011 financial year. Compared to 2010, profits have gone up by +39% since.

The growth, according to the employment agency, is primarily due to the increase of students having...

The Netherlands – Staffing industry to support those “at the bottom of the labour market”

3 February 2012

ABU, the federation of private employment agencies in the Netherlands, has expressed its support of the State Secretary Paul de Krom to integrate those “at the bottom of the labour market”, the unemployed with disabilities, into working life by amending current regulations.  This will see the...

Baltics – Online recruiter CV Online acquired by Finnish media group

3 February 2012

CV Online, one of the biggest online recruitment sites in the Baltics, said that its acquisition by the Finnish media group Alma Media is “another proof of its successful operations.”

It was yesterday announced that Alma Media acquired CV Online although metrics of the deal were not made available. ...

UK – Police paid £41m to recruitment agency in last three years

3 February 2012

It has recently been reported that the recruitment agency Grafton Recruitment is the sole provider of temporary staff for the police in Northern Ireland. In the last three years, the agency was paid £41 million, including the cost of salaries for the staff as well as agency fees. Most staff members...

UK – Healthcare Locums appoints new Chief Financial Officer

3 February 2012

The Board of Healthcare Locums plc, a provider of staffing solutions in the health and social care sectors, has announced the appointment of Sue Bygrave as Chief Finance Officer (Designate), succeeding Bill Jessup, Interim Chief Finance Officer who will step down on publication of the financial accounts...

World – Manpower results in line with expectations

2 February 2012

The US-based staffing firm ManpowerGroup (MAN:NYSE) announced that revenue went up +5.3% to US$5.48 billion for the fourth quarter 2011 from US$5.21 billion in the previous year. On a constant currency basis, revenue rose +5.8%. The firm had a gross profit margin of 17.1%, down from 17.4% in the previous...