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Tens of thousands of jobs were shed in the French staffing industry during 2012 as tough market conditions hit employers across major sectors, new research from the National Institute of Statistics and Economic Studies (Insee) shows.
Domestic and international staffing companies struggled with declining revenue last year and the data confirms that 61,000 temporary jobs were lost in 2012. This represents a decline of -10.7% year-on-year.
During the fourth quarter, Insee said that the drop in temporary employment “levelled off” when compared to previous quarters. In the three months to December, the French labour market shed 9,300 temporary agency jobs.
This comes after top recruiter Adecco on Wednesday reported that fourth-quarter sales slumped in France, its most important market, where it faced a double-digit decline in revenue. Speaking in a call to analysts yesterday, chief executive Patrick De Maeseneire said that the weak performance in the country was caused by problems in the auto and industrial manufacturing sectors.
Insee said that job destruction in the quarter – overall, 44,600 jobs were lost –hit major sectors including, industry, manufacturing and construction.