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Japanese firm Temp Holdings, which includes the large staffing brand Tempstaff, and global staffing provider Kelly Services have entered into a joint venture agreement to expand their presence in North Asia.
In their joint statement, the companies define North Asia as China, Hong Kong, Taiwan and Korea. The joint venture, called TS Kelly Workforce Solutions, will be headquartered in Hong Kong and become effective from October 2012 with Toshio Saburi, Executive Managing Director of Temp Holdings, appointed as chief executive officer.
Temp Holdings and Kelly Services first formed an alliance in 2010 and the firms said the joint venture is a “natural evolution” from their previous collaboration in the emerging Asian market.
“Many of our global clients have a strong presence in this market and are seeking diversified workforce solutions that offer them a competitive edge,” said Carl Camden, President and Chief Executive Officer of Kelly Services.
“Collaborating with Temp Holdings provides us the flexibility to not only expand our solution offerings, but to customize them to the local market.” The JV will help multinationals find both permanent and temporary staff as well as outsourcing services.
“As moves into the Asian market by Japanese firms gather pace, we will increasingly look to the Asian market for future growth opportunities. As such, we aim to accurately understand the needs of firms and also job seekers and, provide a wide range of services,” said Temp Holdings Representative Director, Chairman and President, Yoshiko Shinohara.
Tempstaff was founded in 1973 and provides HR services covering contingent labour, placement, outsourcing and outplacement support. The firm is ranked 10th in the world and is the second largest staffing firm in Japan with sales last year amounting to JPY 233,195 million (€2.5 billion) . In 2008 the joint stock holding company Temp Holdings was established in which Kelly Services owned 5.11% of the company’s shares as of 31 March 2012.
Kelly Services is a US-based firm providing outsourcing and consulting services as well as temporary staffing. The firm has more than 550,000 employees and revenue last year amounted to US$5.6 billion, making it the fifth largest staffing firm in the world.