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Olympia Flexgroup AG, the troubled Dutch-German staffing agency franchise, which announced cash flow insolvency last month, has sold its Italian operations Olympia Italia S.r.l. to staffing services group UnoHolding S.p.a.
The move comes shortly after Olympia Flexgroup AG sold its Spanish operations Olympia Empleo ETT to staffing group Synergie SA of France.
Olympia Flexgroup's German subsidiary Olympia Personaldienstleistungen GmbH and the Dutch subsidiaries Olympia Nederland and Olympia European Service Center BV are not insolvent and continue trading.