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Randstad wants to shed up to 163 jobs in management functions across its French operations, the firm reported late on Friday. The move is part of wider restructuring plans and will be based on “voluntary” departures.
“In the current challenging market circumstances, the new structure will help to maintain our solid competitive position in the French market,” the world’s second-largest recruiter said.
The firm first announced job cuts in June this year, which, apart from its French business, will also affect operations in Germany.
The Dutch staffing company has entered into formal discussions with employee groups to follow restructuring plans in France. This will include a new agency network, built on five regions which integrate existing industry segments.
In larger cities, the firm will merge branches under a single multi-specialist branch to increase “commercial opportunities as well as cross-selling and clarifying the scope of activities,” Randstad said.
The firm suffered from European market deterioration in the third quarter of the year, particularly in France where business confidence is low. French revenues fell by -12% in the three months to September and sales contracted by -17% in the firm’s professional staffing segment.