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The French Association for the Employment of Managers (APEC), will today lose its monopoly of finding jobs for managers who are registered with the government's official job centres (Pole Emploi), Le Figaro reports.
This is regarded as a revolution in the French market because so far APEC was the only professional organisation which was allowed to find jobs for between 27,000 and 75,000 managers registered with Pole Emploi depending on the year.
A public tender launched by Pole Emploi on 24 March 2010 to find jobs for several tens of thousands of registered unemployed managers will close today at 16:30 and it is expected that many staffing agencies will have pitched for all or part of the contract, thereby ending APEC's monopoly.
Eric Verhaeghe, President of APEC, said "it is not as if we have been toppled. We are well prepared and we are known for our quality of service, which should play in our favour."
APEC, which was founded in 1996 by employers and unions and employs 900 people, has been ordered by the European Commission to separate its general mission as an association from its commercial activities. The Association is no longer permitted to use the 92 million Euro it receives as an obligatory payment from managers to finance its commercial activities.
An unnamed staffing agency told Le Figaro "we are all wondering what the use of APEC actually is and we are asking ourselves how it will be able to financially separate its two activities."